2811 Gilmer StCaddo MillsTX75135
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 Caddo Mills at 2811 Gilmer St, Caddo Mills, TX, 75135 generates $3,868/mo in rent, after a $3,225/mo payment. Total monthly income is $3,868/mo. Return on cash invested sits at 15.53% in year one, and rental yield is 7.04% on a $659,000 entry. Equity gained on principal adds $4,252/yr, while 5% annual appreciation builds toward $182,070 over five years. Five-year ROI reaches 80.58% and total cumulative return in cash sums $174,703. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,868/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75135, Caddo Mills, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,444 (100%) |
| Owner Occupied HU | 3,841 (86.4%) |
| Renter Occupied HU | 415 ( 9.3%) |
| Vacant Housing Units | 188 ( 4.2%) |
| Median Home Value | $330,118 |
| Average Home Value | $368,746 |
Housing Distribution
Address Breakdown
Residential
4,255
Single Family
4,202
Multi-Family
53
Businesses
238
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jerry Dawson • Century 21 Payne Real Estate
Mls Name: NTREIS
Mls ID: #21009662