660 Spencer LnTylerTX75704
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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 660 Spencer Ln, Tyler, TX, 75704 priced at $299,995 converts $2,424/mo rent into $279/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,424/mo, and annual cash flow totals $3,342/yr on $99,448 invested. Return on cash invested prints 23.27% in year one, and rental yield reads 9.7% against a $299,995 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,883 by year five. Five-year ROI reaches 122.16% and total cumulative return in cash sums $121,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,424/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2011
N/A lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75704, Tyler, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,344 (100%) |
| Owner Occupied HU | 2,871 (66.1%) |
| Renter Occupied HU | 1,056 (24.3%) |
| Vacant Housing Units | 417 ( 9.6%) |
| Median Home Value | $221,292 |
| Average Home Value | $254,530 |
Housing Distribution
Address Breakdown
Residential
4,382
Single Family
4,381
Multi-Family
1
Businesses
189
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Listed by: Joni Rudak • The Property Shoppe - eXp Realty, LLC
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24017030
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.