3064 Redwood 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 3064 Redwood Rd, Gilmer, TX, 75645 earns $536/mo cash flow from $2,101/mo rent with a $1,077/mo payment. Total monthly income totals $2,101/mo, and annual cash flow totals $6,436/yr on $72,930 capital. ROI tracks 28.73% on current figures, and rental yield reads 11.46% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 151.43% and total cumulative return in cash sums $110,435. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,101/mo property income instead of your personal income.
Single Family
Built in 1986
0.58 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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