244 Cartwright Hill LnGainesvilleTX76240
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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 Gainesville at 244 Cartwright Hill Ln, Gainesville, TX, 76240 at $560,000 posts ROI 28.34% with $1,272/mo cash flow from $5,254/mo rent. Total monthly income equals $5,254/mo, and annual cash flow records $15,260/yr on $184,240 to close. Return on cash invested measures 28.34% and rental yield reads 11.26% at the current $560,000. Equity gained on principal adds $3,614/yr, and 5% annual appreciation supports $154,718 by year five. Five-year ROI prints 149.25% and total cumulative return in cash totals $274,985.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,254/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
4.26 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: Sadee Hodges • Rogers Healy and Associates
Mls Name: NTREIS
Mls ID: #20999747