3363 Cascades Blvd #2-216TylerTX75709
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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 3363 Cascades Blvd #2-216, Tyler, TX, 75709 offers a 15.03% rental yield on a $285,000 purchase with $3,570/mo rent. Total monthly income registers $3,570/mo, and a $1,395/mo payment leaves $1,083/mo available for distribution. Annual cash flow reaches $12,999/yr on $94,478 to close, and return on cash invested stands at 33.67% in year one. Equity gained on principal adds $1,839/yr while 5% annual appreciation supports $78,740 over five years. Portfolio math shows five-year ROI at 179.99% and total cumulative return in cash at $170,046. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,570/mo property income against a $1,395/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
$460 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75709, Tyler, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,965 (100%) |
| Owner Occupied HU | 1,707 (57.6%) |
| Renter Occupied HU | 1,016 (34.3%) |
| Vacant Housing Units | 242 ( 8.2%) |
| Median Home Value | $311,000 |
| Average Home Value | $429,621 |
Housing Distribution
Address Breakdown
Residential
2,917
Single Family
2,239
Multi-Family
678
Businesses
140
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Listed by: Teresa Baudino • Attlee Realty, LLC
Mls Name: NTREIS
Mls ID: #20666973
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.