502 S Chestnut StGainesvilleTX76240
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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 Gainesville at 502 S Chestnut St, Gainesville, TX, 76240 uses $59,339 cash to close to unlock $1,287/yr annual cash flow and $107/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $876/mo payment keeps the spread at $107/mo. Purchase price stands at $179,000, and rental yield measures 9.25% with $1,380/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 115.74% and total cumulative return in cash records $68,679. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.33 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: Natalie Graves • Prime Properties
Mls Name: NTREIS
Mls ID: #21108329