135 Highland Forest DrGilmerTX75644
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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 135 Highland Forest Dr, Gilmer, TX, 75644 offers $1,434/mo rent that, after a $1,057/mo payment. Total monthly income is $1,434/mo. Return on cash invested measures 18.2% in year one, and rental yield stands at 7.97% at a $215,990 entry. Equity gained on principal adds $1,394/yr while 5% annual appreciation compounds into $59,674 by year five. Five-year ROI records 94.96% and total cumulative return in cash reaches $67,992. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,434/mo property income versus a $1,057/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A 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: Noahmi Parra • Jason Mitchell Real Estate Texas, LLC
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24013701
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.