1401 N Palace AveTylerTX75702
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 Tyler at 1401 N Palace Ave, Tyler, TX, 75702 listed at $248,000 pairs $2,280/mo rent with a $1,214/mo payment to leave $516/mo cash flow. Total monthly income runs $2,280/mo, and annual cash flow reaches $6,195/yr on $82,212 cash to close. Return on cash invested measures 27.44% in year one, and rental yield registers 11.03% at a $248,000 basis. Equity gained on principal adds $1,600/yr, and annual property appreciation at 5% supports $68,518 by year five. Five-year ROI tracks 144.5% and total cumulative return in cash totals $118,794. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,280/mo property income relative to a $1,214/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75702, Tyler, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,306 (100%) |
| Owner Occupied HU | 4,750 (46.1%) |
| Renter Occupied HU | 4,409 (42.8%) |
| Vacant Housing Units | 1,147 (11.1%) |
| Median Home Value | $99,537 |
| Average Home Value | $145,776 |
Housing Distribution
Address Breakdown
Residential
9,570
Single Family
7,958
Multi-Family
1,612
Businesses
1,773
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices