305 N Forest AveTylerTX75702
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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
Rental property for sale in Tyler at 305 N Forest Ave, Tyler, TX, 75702 priced at $179,400 converts $1,383/mo rent into $107/mo cash flow after a $878/mo obligation. Total monthly income equals $1,383/mo, and annual cash flow totals $1,288/yr on $59,471 invested. Return on cash invested prints 22.07% in year one, and rental yield reads 9.25% against a $179,400 entry. Equity gained on principal adds $1,158/yr, while 5% annual appreciation compiles into $49,565 by year five. Five-year ROI reaches 115.71% and total cumulative return in cash sums $68,816. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,383/mo property income covering a $878/mo payment, not borrower’s personal income.
Single Family
Built in 1968
8,712 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
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