1855 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
Rental property for sale in Gladewater at 1855 Phillips Springs Rd, Gladewater, TX, 75647 priced at $849,000 converts $2,752/mo rent into after a $4,155/mo obligation. Total monthly income equals $2,752/mo. Return on cash invested prints 5.95% in year one, and rental yield reads 3.89% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 29.17% and total cumulative return in cash sums $81,476. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,752/mo property income covering a $4,155/mo payment, not borrower’s personal income.
Single Family
Built in 2002
16.31 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: Ben Norris • Norris Real Estate
Mls Name: NTREIS
Mls ID: #21125202