6010 Fm 3358GilmerTX75645
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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 Gilmer at 6010 Fm 3358, Gilmer, TX, 75645 uses $228,655 cash to close to unlock $17,213/yr annual cash flow and $1,434/mo monthly cash flow. Total monthly income runs $6,377/mo, and a $3,402/mo payment keeps the spread at $1,434/mo. Purchase price stands at $695,000, and rental yield measures 11.01% with $6,377/mo rent. Return on cash invested shows 27.59% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 145.21% and total cumulative return in cash records $332,034. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,377/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Single Family
Built in 2019
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75645, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,934 (100%) |
| Owner Occupied HU | 3,690 (74.8%) |
| Renter Occupied HU | 875 (17.7%) |
| Vacant Housing Units | 369 ( 7.5%) |
| Median Home Value | $212,321 |
| Average Home Value | $264,908 |
Housing Distribution
Address Breakdown
Residential
4,576
Single Family
4,522
Multi-Family
54
Businesses
77
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