546 W Erwin 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 546 W Erwin St, Tyler, TX, 75702 generates $2,736/mo in rent, after a $2,031/mo payment. Total monthly income is $2,736/mo. Return on cash invested sits at 15.85% in year one, and rental yield is 7.91% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 83.13% and total cumulative return in cash sums $114,357. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,736/mo property income rather than buyer’s personal income.
Townhouse
Built in 2022
1,263 sqft lot
$N/A/sqft
$250 monthly 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: Doug Crutcher • RE/MAX Properties
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24016016
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.