342 Oak Valley DrGilmerTX75644
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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
Rental property for sale in Gilmer at 342 Oak Valley Dr, Gilmer, TX, 75644 priced at $184,890 converts $1,560/mo rent into $245/mo cash flow after a $905/mo obligation. Total monthly income equals $1,560/mo, and annual cash flow totals $2,942/yr on $61,291 invested. Return on cash invested prints 24.71% in year one, and rental yield reads 10.12% against a $184,890 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,082 by year five. Five-year ROI reaches 129.87% and total cumulative return in cash sums $79,600. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,560/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 2025
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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Listed by: Noahmi Parra • Jason Mitchell Real Estate Texas, LLC
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25006758
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.