TYLER, TX 75702

Pier-and-beam home in Tyler with a converted attic that adds two bedrooms, a living area and a bathroom in progress. A strong rental play with flip upside.

--PROPERTY OVERVIEW

• Main level: 3 bed / 2 bath, approx. 1,500 sqft on a .29-acre lot (built 1973)

• Converted attic: 2 additional bedrooms plus living space

• Additional bathroom in the attic currently being outfitted

--CONDITION

• Roof: approx. 10 years old

• Foundation: pier and beam

• HVAC: window units

• Electrical & plumbing: buyer to verify

• Interior: attic bath in progress; estimated rehab $40K to $50K

--NUMBERS

• Starting price: $75,000

• ARV: $180,000

• Estimated rehab: $40,000 to $50,000

• Closing date: TBD

--WHY IT WORKS

• All-in around $115K to $125K against a $180K ARV

• Roof has years of life left, so no near-term replacement

• Works as a buy-and-hold rental or a flip

--THE RENTAL PLAY

• 3-bed homes in 75702 average about $1,575/mo, and Zillow rates renter demand in the zip as warm (Oct 2026)

• With 3 bedrooms and 2 baths when finished, a conservative $1,500 to $1,700/mo is roughly 1.2% to 1.4% of a $120K all-in, above the 1% rule

• BRRRR exit: a 75% LTV cash-out refi on the $180K ARV is about $135K, enough to pull out the full $115K to $125K all-in

• Or rent by the room, since the floor plan already has the bedroom count for it

CONTACT

Miguel Faure

(281) 989-7739

miguel@housebuyerstexas.net