419 S Pershing AveGormanTX76454
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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 Gorman at 419 S Pershing Ave, Gorman, TX, 76454 at $260,000 posts ROI 18.82% with from $1,771/mo rent. Total monthly income equals $1,771/mo. Return on cash invested measures 18.82% and rental yield reads 8.17% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 98.22% and total cumulative return in cash totals $84,653. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,771/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76454, Gorman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 804 (100%) |
| Owner Occupied HU | 506 (62.9%) |
| Renter Occupied HU | 122 (15.2%) |
| Vacant Housing Units | 176 (21.9%) |
| Median Home Value | $116,935 |
| Average Home Value | $285,395 |
Housing Distribution
Address Breakdown
Residential
497
Single Family
497
Multi-Family
0
Businesses
42
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Listed by: Barry McCullar • McCullar Realty Co.
Mls Name: NTREIS
Mls ID: #20954595
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.