209 Polk StGilmerTX75644
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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 Gilmer at 209 Polk St, Gilmer, TX, 75644 earns $112/mo cash flow from $1,271/mo rent with a $798/mo payment. Total monthly income totals $1,271/mo, and annual cash flow totals $1,340/yr on $54,035 capital. ROI tracks 22.39% on current figures, and rental yield reads 9.36% at a $163,000 purchase. Equity gained on principal adds $1,052/yr, and 5% annual appreciation supports $45,034 over five years. Five-year ROI reaches 117.38% and total cumulative return in cash sums $63,427. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,271/mo property income instead of your personal income.
Single Family
Built in 1930
10,105 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75644, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,216 (100%) |
| Owner Occupied HU | 3,397 (65.1%) |
| Renter Occupied HU | 1,198 (23.0%) |
| Vacant Housing Units | 621 (11.9%) |
| Median Home Value | $174,137 |
| Average Home Value | $208,087 |
Housing Distribution
Address Breakdown
Residential
5,055
Single Family
4,937
Multi-Family
118
Businesses
665
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