611 E Watkins 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
Rental property for sale in Tyler at 611 E Watkins St, Tyler, TX, 75701 offers $1,716/mo rent that, after a $1,150/mo payment, leaves $45/mo cash flow. Total monthly income is $1,716/mo, and annual cash flow is $544/yr on $77,869 cash. Return on cash invested measures 20.61% in year one, and rental yield stands at 8.77% at a $234,900 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,899 by year five. Five-year ROI records 107.84% and total cumulative return in cash reaches $83,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,716/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
9,757 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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