1115 W 2nd StTylerTX75701
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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 Tyler at 1115 W 2nd St, Tyler, TX, 75701 uses $42,764 cash to close to unlock $6,841/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $631/mo payment keeps the spread at $570/mo. Purchase price stands at $129,000, and rental yield measures 13.83% with $1,487/mo rent. Return on cash invested shows 35.91% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 189.95% and total cumulative return in cash records $81,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $631/mo payment rather than investor’s personal income.
Multi Family
Built in 1938
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75701, Tyler, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,739 (100%) |
| Owner Occupied HU | 7,961 (50.6%) |
| Renter Occupied HU | 6,202 (39.4%) |
| Vacant Housing Units | 1,576 (10.0%) |
| Median Home Value | $247,064 |
| Average Home Value | $302,213 |
Housing Distribution
Address Breakdown
Residential
14,705
Single Family
12,166
Multi-Family
2,539
Businesses
1,834
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Listed by: Erika Gonzalez • Maya Properties
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25013777
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.