6688 Fm 1649GilmerTX75645
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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 6688 Fm 1649, Gilmer, TX, 75645 uses $174,337 cash to close to unlock $7,973/yr annual cash flow and $664/mo monthly cash flow. Total monthly income runs $4,433/mo, and a $2,594/mo payment keeps the spread at $664/mo. Purchase price stands at $529,900, and rental yield measures 10.04% with $4,433/mo rent. Return on cash invested shows 24.63% in year one, and 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 129.38% and total cumulative return in cash records $225,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,433/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Single Family
Built in 2003
7 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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Listed by: George Wolfe • Texas Real Estate Executives-Gilmer
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24011158
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.