501 E Eddy StGladewaterTX75647
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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 Gladewater at 501 E Eddy St, Gladewater, TX, 75647 priced at $127,900 pairs $965/mo rent with $55/mo cash flow after a $626/mo payment. Total monthly income equals $965/mo, and annual cash flow comes to $666/yr on $42,399 invested. Return on cash invested is 21.48% in year one, and rental yield stands at 9.05% on a $127,900 basis. Equity gained on principal adds $825/yr, and 5% annual appreciation accumulates to $35,336 by year five. Five-year ROI measures 112.54% and total cumulative return in cash reaches $47,715. For financing, Ziffy Mortgage’s DSCR program evaluates $965/mo property income against a $626/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75647, Gladewater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,939 (100%) |
| Owner Occupied HU | 3,749 (63.1%) |
| Renter Occupied HU | 1,511 (25.4%) |
| Vacant Housing Units | 679 (11.4%) |
| Median Home Value | $194,099 |
| Average Home Value | $248,846 |
Housing Distribution
Address Breakdown
Residential
5,440
Single Family
5,419
Multi-Family
21
Businesses
469
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Listed by: Zasmine Monique Williams • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls ID: #20260302