2808 Hendricks StGladewaterTX75647
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
Rental property for sale in Gladewater at 2808 Hendricks St, Gladewater, TX, 75647 priced at $110,000 converts $1,098/mo rent into $316/mo cash flow after a $538/mo obligation. Total monthly income equals $1,098/mo, and annual cash flow totals $3,794/yr on $36,465 invested. Return on cash invested prints 30.31% in year one, and rental yield reads 11.98% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 159.93% and total cumulative return in cash sums $58,320. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,098/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1920
2,583 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: Katie M Ellis • Miller Homes Group - Gladewater
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20250256
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