418 Hillside DrGainesvilleTX76240
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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 Gainesville at 418 Hillside Dr, Gainesville, TX, 76240 priced at $239,500 pairs $1,718/mo rent with $15/mo cash flow after a $1,172/mo payment. Total monthly income equals $1,718/mo, and annual cash flow comes to $181/yr on $79,394 invested. Return on cash invested is 20.14% in year one, and rental yield stands at 8.61% on a $239,500 basis. Equity gained on principal adds $1,545/yr, and 5% annual appreciation accumulates to $66,169 by year five. Five-year ROI measures 105.32% and total cumulative return in cash reaches $83,617. For financing, Ziffy Mortgage’s DSCR program evaluates $1,718/mo property income against a $1,172/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
0.28 Acres 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: Sharon Grippe • Ward Field Realty
Mls Name: NTREIS
Mls ID: #21099490