1515 E Lake DrGladewaterTX75647
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
Investment property for sale in Gladewater at 1515 E Lake Dr, Gladewater, TX, 75647 with 5% annual appreciation on a $495,000 basis while $4,841/mo rent supports operations. Total monthly income totals $4,841/mo and a $2,423/mo payment preserves $1,321/mo for cash returns. Annual cash flow comes to $15,849/yr on $164,093 deployed, and return on cash invested reaches 29.57% in year one. Equity gained on principal adds $3,194/yr, and five-year appreciation sums $136,759 alongside rental yield of 11.74%. Five-year ROI measures 155.84% and total cumulative return in cash totals $255,718.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,841/mo property income versus a $2,423/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2017
0.97 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 |
Housing Distribution
Address Breakdown
Residential
5,440
Single Family
5,419
Multi-Family
21
Businesses
469
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Nearby investment properties with comparable prices
Listed by: Krystel Shields • Scarborough Realty Group Tx-Longview
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20243369
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.