2417 Old Gladewater HwyTylerTX75702
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
Rental property for sale in Tyler at 2417 Old Gladewater Hwy, Tyler, TX, 75702 priced at $120,000 converts $1,241/mo rent into $388/mo cash flow after a $587/mo obligation. Total monthly income equals $1,241/mo, and annual cash flow totals $4,656/yr on $39,780 invested. Return on cash invested prints 31.61% in year one, and rental yield reads 12.41% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 166.78% and total cumulative return in cash sums $66,343. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,241/mo property income covering a $587/mo payment, not borrower’s personal income.
Manufactured
Built in 1984
N/A 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
Listed by: Ruby Ellis • Coldwell Banker Apex - Tyler
Mls Name: GTARMLS
Mls Provider:
Mls ID: #23016216
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.