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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Gorman at TRACT Highway 8 #A, Gorman, TX, 76454 priced at $327,500 pairs $2,647/mo rent with $318/mo cash flow after a $1,603/mo payment. Total monthly income equals $2,647/mo, and annual cash flow comes to $3,816/yr on $108,566 invested. Return on cash invested is 23.42% in year one, and rental yield stands at 9.7% on a $327,500 basis. Equity gained on principal adds $2,113/yr, and 5% annual appreciation accumulates to $90,482 by year five. Five-year ROI measures 122.95% and total cumulative return in cash reaches $133,482. For financing, Ziffy Mortgage’s DSCR program evaluates $2,647/mo property income against a $1,603/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2023
10 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76454, Gorman, TX area.
| 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 |
Residential
497
Single Family
497
Multi-Family
0
Businesses
42
Date | Event | Price |
|---|---|---|
| 2024-07-30 | Listed for sale | $327,500 |
| 2024-06-21 | Pending sale | $327,500 |
| 2024-06-08 | Contingent | $327,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Byrl Cogburn • Cogburn Real Estate
Mls Name: NTREIS
Mls ID: #20542068
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.
