116 Canyon AveSnyderTX79549
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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
Investment property for sale in Snyder at 116 Canyon Ave, Snyder, TX, 79549 uses $36,299 cash to close to unlock $11,475/yr annual cash flow and $956/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $536/mo payment keeps the spread at $956/mo. Purchase price stands at $109,500, and rental yield measures 19.01% with $1,735/mo rent. Return on cash invested shows 51.52% in year one, and 5% annual appreciation builds toward $30,253 over five years. Five-year ROI reaches 273.72% and total cumulative return in cash records $99,359. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $536/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79549, Snyder, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,292 (100%) |
| Owner Occupied HU | 3,880 (61.7%) |
| Renter Occupied HU | 1,457 (23.2%) |
| Vacant Housing Units | 955 (15.2%) |
| Median Home Value | $136,078 |
| Average Home Value | $190,475 |
Housing Distribution
Address Breakdown
Residential
5,727
Single Family
5,312
Multi-Family
415
Businesses
527
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