1209 E Garnett StGainesvilleTX76240
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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 Gainesville at 1209 E Garnett St, Gainesville, TX, 76240 earns $376/mo cash flow from $1,745/mo rent with a $942/mo payment. Total monthly income totals $1,745/mo, and annual cash flow totals $4,515/yr on $63,814 capital. ROI tracks 26.99% on current figures, and rental yield reads 10.88% at a $192,500 purchase. Equity gained on principal adds $1,242/yr, and 5% annual appreciation supports $53,184 over five years. Five-year ROI reaches 142.04% and total cumulative return in cash sums $90,641. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,745/mo property income instead of your personal income.
Single Family
Built in 1937
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
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Listed by: Kayra Morgan • Real Estate Shoppe TX, LLC
Mls Name: NTREIS
Mls ID: #20887701
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.