242 Oak Valley DrGilmerTX75645
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 Gilmer at 242 Oak Valley Dr, Gilmer, TX, 75645 offers a 15% rental yield on a $280,440 purchase with $3,506/mo rent. Total monthly income registers $3,506/mo, and a $1,373/mo payment leaves $1,511/mo available for distribution. Annual cash flow reaches $18,136/yr on $92,966 to close, and return on cash invested stands at 39.42% in year one. Equity gained on principal adds $1,810/yr while 5% annual appreciation supports $77,480 over five years. Portfolio math shows five-year ROI at 208.7% and total cumulative return in cash at $194,019. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,506/mo property income against a $1,373/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75645, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,934 (100%) |
| Owner Occupied HU | 3,690 (74.8%) |
| Renter Occupied HU | 875 (17.7%) |
| Vacant Housing Units | 369 ( 7.5%) |
| Median Home Value | $212,321 |
| Average Home Value | $264,908 |
Housing Distribution
Address Breakdown
Residential
4,576
Single Family
4,522
Multi-Family
54
Businesses
77
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