7.72% CAP
·
no dataUNITS
Single family residence
Property Type
$487,151
Net Operating Income (NOI)
38 unit(s)
Total Units
7.72%
CAP RATE
38
Leasable Doors
$166,000
Price per unit
This property portfolio consists of 38 single-family rental properties, all located in Tyler, Texas, and featuring a variety of floor plans. Just 90 miles east of Dallas, Tyler is the largest community in East Texas, with over 225,000 residents.
Its proximity to Interstate 20 and in-city access to a regional airport offering daily connections to Dallas Fort Worth International Airport make Tyler well-positioned for both local and long-distance business.
- Current NOI: $487,151
- Estimated IRR over 5 Years: 11.02%
- Current CAP Rate: 7.72%
- Tyler in the Fastest Growing Metro Area in Texas
- Located 90 miles from the Dallas/Fort Worth metro area – one of the most dynamic economies in the United States.
- Tyler’s demand for housing has continued to rise with the ever-increasing population.
- Opportunity to purchase a portfolio of 38 or group of single family rental homes in a market that is rapidly growing and a competitive market.
- Opportunity to increase rents and portfolio performance.
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