6575 Oakwood DrGilmerTX75645
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Gilmer at 6575 Oakwood Dr, Gilmer, TX, 75645 priced at $299,000 converts $1,447/mo rent into after a $1,463/mo obligation. Total monthly income equals $1,447/mo. Return on cash invested prints 11.69% in year one, and rental yield reads 5.81% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 60.01% and total cumulative return in cash sums $59,482. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,447/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1.37 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices