216 E Tennie StGainesvilleTX76240
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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 Gainesville at 216 E Tennie St, Gainesville, TX, 76240 priced at $299,000 converts $2,260/mo rent into $134/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,260/mo, and annual cash flow totals $1,611/yr on $99,119 invested. Return on cash invested prints 21.53% in year one, and rental yield reads 9.07% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 112.8% and total cumulative return in cash sums $111,802. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,260/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1952
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
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Listed by: Kristy Emberton • TIERRA REAL ESTATE
Mls Name: NTREIS
Mls ID: #20943532
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.