2022 W 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
Rental property for sale in Gladewater at 2022 W Lake Dr, Gladewater, TX, 75647 priced at $785,000 pairs $3,787/mo rent with after a $3,842/mo payment. Total monthly income equals $3,787/mo. Return on cash invested is 11.72% in year one, and rental yield stands at 5.79% on a $785,000 basis. Equity gained on principal adds $5,065/yr, and 5% annual appreciation accumulates to $216,881 by year five. Five-year ROI measures 60.11% and total cumulative return in cash reaches $155,246. For financing, Ziffy Mortgage’s DSCR program evaluates $3,787/mo property income against a $3,842/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
1.84 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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Nearby investment properties with comparable prices
Listed by: Patricia D Marshburn • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20245150
Disclaimer: Copyright 2025 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.