709 E Garnett StGainesvilleTX76240
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
Investment property for sale in Gainesville at 709 E Garnett St, Gainesville, TX, 76240 at $149,900 posts ROI 21.38% with $61/mo cash flow from $1,127/mo rent. Total monthly income equals $1,127/mo, and annual cash flow records $729/yr on $49,692 to close. Return on cash invested measures 21.38% and rental yield reads 9.02% at the current $149,900. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 by year five. Five-year ROI prints 111.93% and total cumulative return in cash totals $55,619.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,127/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
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Listed by: Anthony Giglio • Top Brokerage LLC
Mls Name: NTREIS
Mls ID: #21121425