7188 ForestwoodGilmerTX75645
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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 7188 Forestwood, Gilmer, TX, 75645 listed at $363,900 pairs $2,627/mo rent with a $1,781/mo payment. Total monthly income runs $2,627/mo. Return on cash invested measures 19.9% in year one, and rental yield registers 8.66% at a $363,900 basis. Equity gained on principal adds $2,348/yr, and annual property appreciation at 5% supports $100,539 by year five. Five-year ROI tracks 104.19% and total cumulative return in cash totals $125,686. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,627/mo property income relative to a $1,781/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
0.33 Acres lot
$N/A/sqft
$480 annually 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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