2989 Fm 556GilmerTX75644
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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 2989 Fm 556, Gilmer, TX, 75644 offers a 9.18% rental yield on a $189,000 purchase with $1,446/mo rent. Total monthly income registers $1,446/mo, and a $925/mo payment leaves $102/mo available for distribution. Annual cash flow reaches $1,225/yr on $62,654 to close, and return on cash invested stands at 21.86% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 114.61% and total cumulative return in cash at $71,806. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,446/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75644, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,216 (100%) |
| Owner Occupied HU | 3,397 (65.1%) |
| Renter Occupied HU | 1,198 (23.0%) |
| Vacant Housing Units | 621 (11.9%) |
| Median Home Value | $174,137 |
| Average Home Value | $208,087 |
Housing Distribution
Address Breakdown
Residential
5,055
Single Family
4,937
Multi-Family
118
Businesses
665
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