810 Mill StGainesvilleTX76240
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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 Gainesville at 810 Mill St, Gainesville, TX, 76240 earns $73/mo cash flow from $2,206/mo rent with a $1,468/mo payment. Total monthly income totals $2,206/mo, and annual cash flow totals $879/yr on $99,417 capital. ROI tracks 20.79% on current figures, and rental yield reads 8.83% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 108.82% and total cumulative return in cash sums $108,184. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,206/mo property income instead of your personal income.
Single Family
Built in 2024
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: Sonia Ortega • Ready Real Estate LLC
Mls Name: NTREIS
Mls ID: #20971006