505 N Culver StGladewaterTX75647
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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 Gladewater at 505 N Culver St, Gladewater, TX, 75647 offers $1,657/mo rent that, after a $963/mo payment, leaves $258/mo cash flow. Total monthly income is $1,657/mo, and annual cash flow is $3,096/yr on $65,206 cash. Return on cash invested measures 24.66% in year one, and rental yield stands at 10.11% at a $196,700 entry. Equity gained on principal adds $1,269/yr while 5% annual appreciation compounds into $54,345 by year five. Five-year ROI records 129.49% and total cumulative return in cash reaches $84,436. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,657/mo property income versus a $963/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.63 Acres 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: N/A • N/A
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