8724 Fm 1649GilmerTX75645
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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 8724 Fm 1649, Gilmer, TX, 75645 uses $124,313 cash to close to unlock $5,937/yr annual cash flow and $495/mo monthly cash flow. Total monthly income runs $3,161/mo, and a $1,835/mo payment keeps the spread at $495/mo. Purchase price stands at $375,000, and rental yield measures 10.12% with $3,161/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 129.66% and total cumulative return in cash records $161,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,161/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1993
16.21 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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