1865 Locust 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
Investment property for sale in Gilmer at 1865 Locust Rd, Gilmer, TX, 75645 at $209,900 posts ROI 25.08% with $300/mo cash flow from $1,792/mo rent. Total monthly income equals $1,792/mo, and annual cash flow records $3,597/yr on $69,582 to close. Return on cash invested measures 25.08% and rental yield reads 10.24% at the current $209,900. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 by year five. Five-year ROI prints 131.79% and total cumulative return in cash totals $91,700.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,792/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1990
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cayden Burnett • Texas Real Estate Executives-Gilmer
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25005617
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.