In this paper, we make a comprehensive study of the properties of a gapped Dirac semimetal model, which was originally proposed in the magnetoinfrared spectroscopy measurement of ZeTe5, and includes both the linear and parabolic dispersions in all three directions. We find that, depending on the band inversion parameters, ζ and ζ z , the model can support three different phases: the single Dirac point (DP) phase, the double DPs phase and the Dirac ring phase. The three different phases can be distinguished by their low-energy features in the density of states (DOS) and optical conductivity. At high energy, both the DOS and optical conductivity exhibit power-law like behaviors, with the asymptotic exponents depending heavily on the signs of ζ and ζ z . Moreover, the thumb-of-rule formula between the DOS and optical conductivity is satisfied only when (ζ , ζ z ) > 0. The implications of our results for experiments are discussed.