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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ennis at 308 W Gilmer St, Ennis, TX, 75119 generates $2,220/mo in rent and, after a $1,199/mo payment, leaves $478/mo in cash flow. Total monthly income is $2,220/mo, and annual cash flow is $5,735/yr on $81,217 invested. Return on cash invested sits at 26.97% in year one, and rental yield is 10.87% on a $244,999 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 141.92% and total cumulative return in cash sums $115,260. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75119, Ennis, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,156 (100%) |
| Owner Occupied HU | 6,955 (62.3%) |
| Renter Occupied HU | 3,633 (32.6%) |
| Vacant Housing Units | 568 ( 5.1%) |
| Median Home Value | $283,970 |
| Average Home Value | $318,336 |
Residential
11,994
Single Family
10,557
Multi-Family
1,437
Businesses
767
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Listed for sale | $244,999 |
| 2022-04-11 | Sold | N/A |
| 2022-01-30 | Pending sale | $210,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $3650.73 | 9.31% | $228,191 | 6.75% |
| 2023-04-21 | $3339.81 | -15.40% | $213,772 | 29.60% |
| 2022-04-21 | $3947.56 | N/A | $164,946 | 38.91% |
Listed by: Ruben Luna • INC Realty, LLC
Mls Name: NTREIS
Mls ID: #20909818
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
