24012 Birdie LnGladewaterTX75647
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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 Gladewater at 24012 Birdie Ln, Gladewater, TX, 75647 uses $102,732 cash to close to unlock $5,881/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $2,694/mo, and a $1,517/mo payment keeps the spread at $490/mo. Purchase price stands at $309,900, and rental yield measures 10.43% with $2,694/mo rent. Return on cash invested shows 25.63% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 134.79% and total cumulative return in cash records $138,468. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,694/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75647, Gladewater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,749 (63.1%) |
| Renter Occupied HU | 1,511 (25.4%) |
| Vacant Housing Units | 679 (11.4%) |
| Median Home Value | $194,099 |
| Average Home Value | $248,846 |
Housing Distribution
Address Breakdown
Residential
5,440
Single Family
5,419
Multi-Family
21
Businesses
469
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Listed by: Tammy Kessler • Texas Real Estate Executives
Mls Name: NTREIS
Mls ID: #20777240
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.