617 W Scott StGilmerTX75644
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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 617 W Scott St, Gilmer, TX, 75644 uses $87,848 cash to close to unlock $3,943/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $2,213/mo, and a $1,297/mo payment keeps the spread at $329/mo. Purchase price stands at $265,000, and rental yield measures 10.02% with $2,213/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 128.13% and total cumulative return in cash records $112,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,213/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75644, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,216 (100%) |
| Owner Occupied HU | 3,397 (65.1%) |
| Renter Occupied HU | 1,198 (23.0%) |
| Vacant Housing Units | 621 (11.9%) |
| Median Home Value | $174,137 |
| Average Home Value | $208,087 |
Housing Distribution
Address Breakdown
Residential
5,055
Single Family
4,937
Multi-Family
118
Businesses
665
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