723 N Kent StGormanTX76454
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 Gorman at 723 N Kent St, Gorman, TX, 76454 offers $1,044/mo rent that, after a $661/mo payment, leaves $84/mo cash flow. Total monthly income is $1,044/mo, and annual cash flow is $1,005/yr on $44,753 cash. Return on cash invested measures 22.15% in year one, and rental yield stands at 9.28% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 116.13% and total cumulative return in cash reaches $51,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,044/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76454, Gorman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 804 (100%) |
| Owner Occupied HU | 506 (62.9%) |
| Renter Occupied HU | 122 (15.2%) |
| Vacant Housing Units | 176 (21.9%) |
| Median Home Value | $116,935 |
| Average Home Value | $285,395 |
Housing Distribution
Address Breakdown
Residential
497
Single Family
497
Multi-Family
0
Businesses
42
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Listed by: Pablo Tamayo Sanchez • Powerstar Realty
Mls Name: NTREIS
Mls ID: #20660801
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.