406 Gibson StWhitehouseTX75791
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Whitehouse at 406 Gibson St, Whitehouse, TX, 75791 priced at $185,000 converts $2,213/mo rent into $898/mo cash flow after a $905/mo obligation. Total monthly income equals $2,213/mo, and annual cash flow totals $10,775/yr on $61,328 invested. Return on cash invested prints 37.48% in year one, and rental yield reads 14.35% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 198.26% and total cumulative return in cash sums $121,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,213/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1990
8,929 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75791, Whitehouse, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,675 (100%) |
| Owner Occupied HU | 3,948 (69.6%) |
| Renter Occupied HU | 1,462 (25.8%) |
| Vacant Housing Units | 265 ( 4.7%) |
| Median Home Value | $260,651 |
| Average Home Value | $311,670 |
Housing Distribution
Address Breakdown
Residential
5,670
Single Family
5,525
Multi-Family
145
Businesses
444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: April A Stephens • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20243419
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.