1606 N Point Pleasant RdGladewaterTX75647
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 4 Bed
- 2 Bath
- 2684 sft
- 5 Bed
- 3 Bath
- 2600 sft
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 Gladewater at 1606 N Point Pleasant Rd, Gladewater, TX, 75647 priced at $267,200 pairs $2,100/mo rent with $200/mo cash flow after a $1,308/mo payment. Total monthly income equals $2,100/mo, and annual cash flow comes to $2,396/yr on $88,577 invested. Return on cash invested is 22.61% in year one, and rental yield stands at 9.43% on a $267,200 basis. Equity gained on principal adds $1,724/yr, and 5% annual appreciation accumulates to $73,822 by year five. Five-year ROI measures 118.58% and total cumulative return in cash reaches $105,034. For financing, Ziffy Mortgage’s DSCR program evaluates $2,100/mo property income against a $1,308/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
1 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 4 Bed
- 2 Bath
- 2684 sft
- 5 Bed
- 3 Bath
- 2600 sft
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A