255 Gilmer StBridge CityTX77611
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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 Bridge City at 255 Gilmer St, Bridge City, TX, 77611 uses $69,069 cash to close to unlock $14,534/yr annual cash flow and $1,211/mo monthly cash flow. Total monthly income runs $2,693/mo, and a $1,020/mo payment keeps the spread at $1,211/mo. Purchase price stands at $208,354, and rental yield measures 15.51% with $2,693/mo rent. Return on cash invested shows 40.95% in year one, and 5% annual appreciation builds toward $57,564 over five years. Five-year ROI reaches 216.95% and total cumulative return in cash records $149,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,693/mo property income covering a $1,020/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77611, Bridge City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,165 (100%) |
| Owner Occupied HU | 2,778 (66.7%) |
| Renter Occupied HU | 1,049 (25.2%) |
| Vacant Housing Units | 338 ( 8.1%) |
| Median Home Value | $226,435 |
| Average Home Value | $259,459 |
Housing Distribution
Address Breakdown
Residential
3,943
Single Family
3,678
Multi-Family
265
Businesses
358
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