918 N Montgomery StGilmerTX75644
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
Investment property for sale in Gilmer at 918 N Montgomery St, Gilmer, TX, 75644 offers a 11.28% rental yield on a $259,900 purchase with $2,443/mo rent. Total monthly income registers $2,443/mo, and a $1,272/mo payment leaves $595/mo available for distribution. Annual cash flow reaches $7,139/yr on $86,157 to close, and return on cash invested stands at 28.19% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 148.49% and total cumulative return in cash at $127,930. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,443/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75644, Gilmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,216 (100%) |
| Owner Occupied HU | 3,397 (65.1%) |
| Renter Occupied HU | 1,198 (23.0%) |
| Vacant Housing Units | 621 (11.9%) |
| Median Home Value | $174,137 |
| Average Home Value | $208,087 |
Housing Distribution
Address Breakdown
Residential
5,055
Single Family
4,937
Multi-Family
118
Businesses
665
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices