1867 Gum Springs RdLongviewTX75602
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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 Longview at 1867 Gum Springs Rd, Longview, TX, 75602 uses $82,842 cash to close to unlock $4,933/yr annual cash flow and $411/mo monthly cash flow. Total monthly income runs $2,188/mo, and a $1,223/mo payment keeps the spread at $411/mo. Purchase price stands at $249,900, and rental yield measures 10.51% with $2,188/mo rent. Return on cash invested shows 25.86% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 136.05% and total cumulative return in cash records $112,706. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,188/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75602, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,837 (100%) |
| Owner Occupied HU | 4,714 (53.3%) |
| Renter Occupied HU | 3,061 (34.6%) |
| Vacant Housing Units | 1,062 (12.0%) |
| Median Home Value | $127,415 |
| Average Home Value | $228,325 |
Housing Distribution
Address Breakdown
Residential
8,323
Single Family
7,625
Multi-Family
698
Businesses
563
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