7593 Gardenia RdGilmerTX75645
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 7593 Gardenia Rd, Gilmer, TX, 75645 priced at $322,000 converts $4,054/mo rent into $1,764/mo cash flow after a $1,576/mo obligation. Total monthly income equals $4,054/mo, and annual cash flow totals $21,171/yr on $106,743 invested. Return on cash invested prints 39.74% in year one, and rental yield reads 15.11% against a $322,000 entry. Equity gained on principal adds $2,078/yr, while 5% annual appreciation compiles into $88,963 by year five. Five-year ROI reaches 210.44% and total cumulative return in cash sums $224,635. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,054/mo property income covering a $1,576/mo payment, not borrower’s personal income.
Single Family
Built in 2020
1.77 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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