150 Norfolk RdGilmerTX75645
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 Gilmer at 150 Norfolk Rd, Gilmer, TX, 75645 priced at $120,000 pairs $1,141/mo rent with $264/mo cash flow after a $587/mo payment. Total monthly income equals $1,141/mo, and annual cash flow comes to $3,170/yr on $39,780 invested. Return on cash invested is 27.88% in year one, and rental yield stands at 11.41% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 147.14% and total cumulative return in cash reaches $58,531. For financing, Ziffy Mortgage’s DSCR program evaluates $1,141/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75645, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,934 (100%) |
| Owner Occupied HU | 3,690 (74.8%) |
| Renter Occupied HU | 875 (17.7%) |
| Vacant Housing Units | 369 ( 7.5%) |
| Median Home Value | $212,321 |
| Average Home Value | $264,908 |
Housing Distribution
Address Breakdown
Residential
4,576
Single Family
4,522
Multi-Family
54
Businesses
77
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