6623 Tower CtTylerTX75703
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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 6623 Tower Ct, Tyler, TX, 75703 generates $3,468/mo in rent and, after a $2,373/mo payment, leaves $3/mo in cash flow. Total monthly income is $3,468/mo, and annual cash flow is $42/yr on $160,744 invested. Return on cash invested sits at 19.93% in year one, and rental yield is 8.58% on a $484,900 entry. Equity gained on principal adds $3,129/yr, while 5% annual appreciation builds toward $133,969 over five years. Five-year ROI reaches 104.24% and total cumulative return in cash sums $167,563. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,468/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
N/A lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75703, Tyler, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,751 (100%) |
| Owner Occupied HU | 11,190 (51.4%) |
| Renter Occupied HU | 8,969 (41.2%) |
| Vacant Housing Units | 1,592 ( 7.3%) |
| Median Home Value | $349,743 |
| Average Home Value | $421,521 |
Housing Distribution
Address Breakdown
Residential
21,712
Single Family
14,577
Multi-Family
7,135
Businesses
1,926
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Listed by: Jim Storms • Jones & Co. Realty Group, LLC
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25010190
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.