1328 Cherokee TrceGilmerTX75644
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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 Gilmer at 1328 Cherokee Trce, Gilmer, TX, 75644 priced at $250,000 converts $2,866/mo rent into $1,088/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,866/mo, and annual cash flow totals $13,054/yr on $82,875 invested. Return on cash invested prints 35.66% in year one, and rental yield reads 13.76% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 188.52% and total cumulative return in cash sums $156,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,866/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 2005
9,452 sqft 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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