1428 E Garnett StGainesvilleTX76240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gainesville at 1428 E Garnett St, Gainesville, TX, 76240 priced at $123,000 pairs $945/mo rent with $70/mo cash flow after a $602/mo payment. Total monthly income equals $945/mo, and annual cash flow comes to $844/yr on $40,775 invested. Return on cash invested is 21.98% in year one, and rental yield stands at 9.22% on a $123,000 basis. Equity gained on principal adds $794/yr, and 5% annual appreciation accumulates to $33,983 by year five. Five-year ROI measures 115.22% and total cumulative return in cash reaches $46,981. For financing, Ziffy Mortgage’s DSCR program evaluates $945/mo property income against a $602/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Collinsworth • Keller Williams Realty-FM
Mls Name: NTREIS
Mls ID: #20802923