2318 Gilmer StCaddo MillsTX75135
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Caddo Mills at 2318 Gilmer St, Caddo Mills, TX, 75135 uses $58,013 cash to close to unlock $1,165/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $1,342/mo, and a $857/mo payment keeps the spread at $97/mo. Purchase price stands at $175,000, and rental yield measures 9.2% with $1,342/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 114.92% and total cumulative return in cash records $66,667. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,342/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1986
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75135, Caddo Mills, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,444 (100%) |
| Owner Occupied HU | 3,841 (86.4%) |
| Renter Occupied HU | 415 ( 9.3%) |
| Vacant Housing Units | 188 ( 4.2%) |
| Median Home Value | $330,118 |
| Average Home Value | $368,746 |
Housing Distribution
Address Breakdown
Residential
4,255
Single Family
4,202
Multi-Family
53
Businesses
238
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • AT Home Texas Real Estate
Mls Name: NTREIS
Mls ID: #20868774
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.