3120 Erma 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 3120 Erma St, Tyler, TX, 75701 uses $78,101 cash to close to unlock $2,529/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $1,886/mo, and a $1,153/mo payment keeps the spread at $211/mo. Purchase price stands at $235,600, and rental yield measures 9.61% with $1,886/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $65,092 over five years. Five-year ROI reaches 121.41% and total cumulative return in cash records $94,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,886/mo property income covering a $1,153/mo payment rather than investor’s personal income.
Single Family
Built in 2020
8,973 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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