1835 Melba DrTylerTX75701
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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 1835 Melba Dr, Tyler, TX, 75701 offers a 9.63% rental yield on a $186,000 purchase with $1,493/mo rent. Total monthly income registers $1,493/mo, and a $910/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,048/yr on $61,659 to close, and return on cash invested stands at 23.23% in year one. Equity gained on principal adds $1,200/yr while 5% annual appreciation supports $51,388 over five years. Portfolio math shows five-year ROI at 121.86% and total cumulative return in cash at $75,136. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,493/mo property income against a $910/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
N/A 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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