209 Ivanhoe DrGordonvilleTX76245
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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 Gordonville at 209 Ivanhoe Dr, Gordonville, TX, 76245 uses $38,123 cash to close to unlock $2,017/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $986/mo, and a $563/mo payment keeps the spread at $168/mo. Purchase price stands at $115,000, and rental yield measures 10.29% with $986/mo rent. Return on cash invested shows 25.2% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 132.54% and total cumulative return in cash records $50,529. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $986/mo property income covering a $563/mo payment rather than investor’s personal income.
Manufactured
Built in 2005
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76245, Gordonville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,557 (100%) |
| Owner Occupied HU | 831 (53.4%) |
| Renter Occupied HU | 130 ( 8.3%) |
| Vacant Housing Units | 596 (38.3%) |
| Median Home Value | $251,500 |
| Average Home Value | $307,644 |
Housing Distribution
Address Breakdown
Residential
1,269
Single Family
1,269
Multi-Family
0
Businesses
51
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Listed by: Todd Booher • SANDERS REAL ESTATE
Mls Name: NTREIS
Mls ID: #20872905
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.