2811 Medlin RdGilmerTX75645
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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 Gilmer at 2811 Medlin Rd, Gilmer, TX, 75645 uses $82,842 cash to close to unlock $6,097/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $2,285/mo, and a $1,223/mo payment keeps the spread at $508/mo. Purchase price stands at $249,900, and rental yield measures 10.97% with $2,285/mo rent. Return on cash invested shows 27.27% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 143.57% and total cumulative return in cash records $118,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,285/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
8.50 Acres 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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