115 E Lubbock StGormanTX76454
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Gorman at 115 E Lubbock St, Gorman, TX, 76454 offers a 21.97% rental yield on a $140,000 purchase with $2,563/mo rent. Total monthly income registers $2,563/mo, and a $685/mo payment leaves $1,568/mo available for distribution. Annual cash flow reaches $18,812/yr on $46,410 to close, and return on cash invested stands at 60.44% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 321.47% and total cumulative return in cash at $149,194. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,563/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76454, Gorman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 804 (100%) |
| Owner Occupied HU | 506 (62.9%) |
| Renter Occupied HU | 122 (15.2%) |
| Vacant Housing Units | 176 (21.9%) |
| Median Home Value | $116,935 |
| Average Home Value | $285,395 |
Housing Distribution
Address Breakdown
Residential
497
Single Family
497
Multi-Family
0
Businesses
42
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Listed by: Brittney Segura • Harrison Farm and Ranch LLC
Mls Name: NTREIS
Mls ID: #20692363
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.