1305 N Cypress StGilmerTX75644
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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 Gilmer at 1305 N Cypress St, Gilmer, TX, 75644 earns $333/mo cash flow from $1,631/mo rent with a $893/mo payment. Total monthly income totals $1,631/mo, and annual cash flow totals $4,002/yr on $60,499 capital. ROI tracks 26.52% on current figures, and rental yield reads 10.72% at a $182,500 purchase. Equity gained on principal adds $1,178/yr, and 5% annual appreciation supports $50,421 over five years. Five-year ROI reaches 139.56% and total cumulative return in cash sums $84,430. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,631/mo property income instead of your personal income.
Single Family
Built in 1975
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75644, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,216 (100%) |
| Owner Occupied HU | 3,397 (65.1%) |
| Renter Occupied HU | 1,198 (23.0%) |
| Vacant Housing Units | 621 (11.9%) |
| Median Home Value | $174,137 |
| Average Home Value | $208,087 |
Housing Distribution
Address Breakdown
Residential
5,055
Single Family
4,937
Multi-Family
118
Businesses
665
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Listed by: Melanie Northcutt • Sugar Magnolia Properties
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24012435
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.