317 S Boon 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 317 S Boon Ave, Tyler, TX, 75702 priced at $109,900 converts $2,080/mo rent into $1,298/mo cash flow after a $538/mo obligation. Total monthly income equals $2,080/mo, and annual cash flow totals $15,581/yr on $36,432 invested. Return on cash invested prints 62.68% in year one, and rental yield reads 22.71% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 333.48% and total cumulative return in cash sums $121,492. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,080/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1949
9,147 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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Listed by: Maugno Mora • Keller Williams Realty-Tyler
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24008061
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.