1911 E Lake DrGladewaterTX75647
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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 1911 E Lake Dr, Gladewater, TX, 75647 earns from $3,562/mo rent with a $4,155/mo payment. Total monthly income totals $3,562/mo. ROI tracks 9.43% on current figures, and rental yield reads 5.03% at a $849,000 purchase. Equity gained on principal adds $5,478/yr, and 5% annual appreciation supports $234,563 over five years. Five-year ROI reaches 47.83% and total cumulative return in cash sums $133,604. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,562/mo property income instead of your personal income.
Single Family
Built in 1976
1.16 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: Angela Watson Kuite • RE/MAX Cross Country
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20242568
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.