315 N MorrisGainesvilleTX76240
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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 Gainesville at 315 N Morris, Gainesville, TX, 76240 with 5% annual appreciation on a $199,900 basis while $1,598/mo rent supports operations. Total monthly income totals $1,598/mo and a $978/mo payment preserves $177/mo for cash returns. Annual cash flow comes to $2,123/yr on $66,267 deployed, and return on cash invested reaches 23.11% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 9.59%. Five-year ROI measures 121.24% and total cumulative return in cash totals $80,341.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,598/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2019
10,541 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
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Listed by: Christina Ettredge • Real Estate Shoppe TX, LLC
Mls Name: NTREIS
Mls ID: #21071685