545 Gristmill LnEvermanTX76140
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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 Everman at 545 Gristmill Ln, Everman, TX, 76140 offers a 11.02% rental yield on a $241,000 purchase with $2,214/mo rent. Total monthly income registers $2,214/mo, and a $1,180/mo payment leaves $500/mo available for distribution. Annual cash flow reaches $5,997/yr on $79,892 to close, and return on cash invested stands at 27.42% in year one. Equity gained on principal adds $1,555/yr while 5% annual appreciation supports $66,584 over five years. Portfolio math shows five-year ROI at 144.32% and total cumulative return in cash at $115,300. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,214/mo property income against a $1,180/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
9,740 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76140, Fort Worth, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,593 (100%) |
| Owner Occupied HU | 7,775 (67.1%) |
| Renter Occupied HU | 3,399 (29.3%) |
| Vacant Housing Units | 419 ( 3.6%) |
| Median Home Value | $245,690 |
| Average Home Value | $274,715 |
Housing Distribution
Address Breakdown
Residential
10,973
Single Family
9,593
Multi-Family
1,380
Businesses
853
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Listed by: Amber Broadway • Opendoor Brokerage, LLC
Mls Name: NTREIS
Mls ID: #21008750
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.