402 E Mims StTylerTX75702
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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 402 E Mims St, Tyler, TX, 75702 priced at $237,900 pairs $1,883/mo rent with $192/mo cash flow after a $1,164/mo payment. Total monthly income equals $1,883/mo, and annual cash flow comes to $2,300/yr on $78,864 invested. Return on cash invested is 22.83% in year one, and rental yield stands at 9.5% on a $237,900 basis. Equity gained on principal adds $1,535/yr, and 5% annual appreciation accumulates to $65,727 by year five. Five-year ROI measures 119.71% and total cumulative return in cash reaches $94,407. For financing, Ziffy Mortgage’s DSCR program evaluates $1,883/mo property income against a $1,164/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
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
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