604-606 N Canfield 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
Total monthly income runs $1,352/mo, and a $974/mo payment. Purchase price stands at $199,000, and rental yield measures 8.15% with $1,352/mo rent. Return on cash invested shows 18.76% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 97.87% and total cumulative return in cash records $64,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,352/mo property income covering a $974/mo payment rather than investor’s personal income.
Multi Family
Built in 1977
N/A 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: Adam Mack • JBK Residential
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20243139
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.