1218 Walter 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
Rental property for sale in Gainesville at 1218 Walter St, Gainesville, TX, 76240 generates $5,213/mo in rent and, after a $3,548/mo payment, leaves $58/mo in cash flow. Total monthly income is $5,213/mo, and annual cash flow is $698/yr on $238,492 invested. Return on cash invested sits at 20.35% in year one, and rental yield is 8.63% on a $724,900 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,277 over five years. Five-year ROI reaches 106.42% and total cumulative return in cash sums $253,797. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,213/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.39 Acres 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: Jennifer Bryson • THE REAL ESTATE COMPANY
Mls Name: NTREIS
Mls ID: #21091892