1913 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 1913 E Lake Dr, Gladewater, TX, 75647 offers a 4.85% rental yield on a $944,999 purchase with $3,816/mo rent. 02% in year one. Equity gained on principal adds $6,098/yr while 5% annual appreciation supports $261,086 over five years. Portfolio math shows five-year ROI at 40.6% and total cumulative return in cash at $126,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,816/mo property income against a $4,625/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
1.12 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: Tammy Kessler • Texas Real Estate Executives-Gladewater
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24001948
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.