1593 Phillips Springs RdGladewaterTX75647
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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
Investment property for sale in Gladewater at 1593 Phillips Springs Rd, Gladewater, TX, 75647 uses $62,952 cash to close to unlock $1,333/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $1,461/mo, and a $929/mo payment keeps the spread at $111/mo. Purchase price stands at $189,900, and rental yield measures 9.23% with $1,461/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 115.49% and total cumulative return in cash records $72,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,461/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.25 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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Listed by: Malyssa G White • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls ID: #20257709