115 N 28th StGatesvilleTX76528
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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 Gatesville at 115 N 28th St, Gatesville, TX, 76528 offers a 9.29% rental yield on a $168,000 purchase with $1,301/mo rent. Total monthly income registers $1,301/mo, and a $822/mo payment leaves $107/mo available for distribution. Annual cash flow reaches $1,279/yr on $55,692 to close, and return on cash invested stands at 22.21% in year one. Equity gained on principal adds $1,084/yr while 5% annual appreciation supports $46,415 over five years. Portfolio math shows five-year ROI at 116.41% and total cumulative return in cash at $64,829. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,301/mo property income against a $822/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76528, Gatesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,001 (100%) |
| Owner Occupied HU | 4,906 (61.3%) |
| Renter Occupied HU | 2,134 (26.7%) |
| Vacant Housing Units | 961 (12.0%) |
| Median Home Value | $263,559 |
| Average Home Value | $325,265 |
Housing Distribution
Address Breakdown
Residential
7,502
Single Family
7,326
Multi-Family
176
Businesses
555
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