573 County Road 187GainesvilleTX76240
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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 573 County Road 187, Gainesville, TX, 76240 uses $53,007 cash to close to unlock $2,791/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $1,370/mo, and a $783/mo payment keeps the spread at $233/mo. Purchase price stands at $159,900, and rental yield measures 10.28% with $1,370/mo rent. Return on cash invested shows 25.17% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 132.33% and total cumulative return in cash records $70,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,370/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 1970
2 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: Chad Mudd • Newland Real Estate, Inc.
Mls Name: NTREIS
Mls ID: #20442099
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.