1340 W George Richey Rd, Gladewater, TX, 75647 | $888/mo Cash Flow

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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

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Investment Highlights

Rental property for sale in Gladewater at 1340 W George Richey Rd, Gladewater, TX, 75647 priced at $299,000 pairs $3,014/mo rent with $888/mo cash flow after a $1,463/mo payment. Total monthly income equals $3,014/mo, and annual cash flow comes to $10,659/yr on $99,119 invested. Return on cash invested is 30.66% in year one, and rental yield stands at 12.1% on a $299,000 basis. Equity gained on principal adds $1,929/yr, and 5% annual appreciation accumulates to $82,608 by year five. Five-year ROI measures 161.76% and total cumulative return in cash reaches $160,330. For financing, Ziffy Mortgage’s DSCR program evaluates $3,014/mo property income against a $1,463/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1977

1.57 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 75647, Gladewater, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,939 (100%)
Owner Occupied HU	3,749 (63.1%)
Renter Occupied HU	1,511 (25.4%)
Vacant Housing Units	679 (11.4%)
Median Home Value	$194,099
Average Home Value	$248,846