1315 Gateway DrWills PointTX75169
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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 Wills Point at 1315 Gateway Dr, Wills Point, TX, 75169 listed at $221,315 pairs $1,588/mo rent with a $1,083/mo payment to leave $14/mo cash flow. Total monthly income runs $1,588/mo, and annual cash flow reaches $173/yr on $73,366 cash to close. Return on cash invested measures 20.14% in year one, and rental yield registers 8.61% at a $221,315 basis. Equity gained on principal adds $1,428/yr, and annual property appreciation at 5% supports $61,145 by year five. Five-year ROI tracks 105.36% and total cumulative return in cash totals $77,296. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,588/mo property income relative to a $1,083/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75169, Wills Point, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,834 (100%) |
| Owner Occupied HU | 5,380 (68.7%) |
| Renter Occupied HU | 1,664 (21.2%) |
| Vacant Housing Units | 790 (10.1%) |
| Median Home Value | $230,460 |
| Average Home Value | $317,907 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,744
Multi-Family
50
Businesses
484
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Listed by: Bill Moomaw • Regal, REALTORS
Mls Name: NTREIS
Mls ID: #21080147