3065 E Lake DrGladewaterTX75647
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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 Gladewater at 3065 E Lake Dr, Gladewater, TX, 75647 at $318,990 posts ROI 12.8% with from $1,642/mo rent. Total monthly income equals $1,642/mo. Return on cash invested measures 12.8% and rental yield reads 6.18% at the current $318,990. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,131 by year five. Five-year ROI prints 65.94% and total cumulative return in cash totals $69,730. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,642/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1975
1 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: Nacole Eaton • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls ID: #20257777