213 E Butler 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 213 E Butler St, Gilmer, TX, 75644 at $195,000 posts ROI 21.2% with $70/mo cash flow from $1,456/mo rent. Total monthly income equals $1,456/mo, and annual cash flow records $837/yr on $64,643 to close. Return on cash invested measures 21.2% and rental yield reads 8.96% at the current $195,000. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 by year five. Five-year ROI prints 111.01% and total cumulative return in cash totals $71,758.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,456/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1960
9,147 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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