1185 Parkview Dr APT D24, Canyon Lake, TX, 78133 | 6.64% Rental Yield

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1185 Parkview Dr APT D24, Canyon Lake, TX, 78133 | 6.64% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Canyon Lake at 1185 Parkview Dr APT D24, Canyon Lake, TX, 78133 earns from $1,576/mo rent with a $1,394/mo payment. Total monthly income totals $1,576/mo. ROI tracks 14.2% on current figures, and rental yield reads 6.64% at a $284,900 purchase. Equity gained on principal adds $1,838/yr, and 5% annual appreciation supports $78,713 over five years. Five-year ROI reaches 73.43% and total cumulative return in cash sums $69,347. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,576/mo property income instead of your personal income.

Condo

Built in 1974

7.19 Acres lot

$N/A/sqft

No HOA

More details about the property

This downstairs 2 bedroom condo has an inviting space and includes a flow-through living/dining area open to the kitchen. Recently remodeled and ready for its new owners. The kitchen is well-equipped with stainless-steel appliances, granite countertops and tile backsplash. Wake up refreshed in the spacious bedrooms, split floor plan and each have their own private bathroom. The master bath has a walk in shower and a stackable washer/dryer. The master bedroom and the living room have access to the large patio. Perfect for having your morning coffee or a glass of wine in the evening to watch the numerous deer that visit daily. No stairs to climb and no carpet throughout the condo, the community pool is just a few steps away. Quite location on the north side of the lake, convenient to grocery store, restaurants, bars, hiking, floating on the Guadalupe and a 30 minute drive to Gruene and New Braunfels. Prepare to fall in love and call this your new home or your home away from home. Short term rentals are allowed and boat parking is available for guests. Welcome home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78133, Canyon Lake, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,329 (100%)
Owner Occupied HU	8,320 (67.5%)
Renter Occupied HU	1,369 (11.1%)
Vacant Housing Units	2,640 (21.4%)
Median Home Value	$475,760
Average Home Value	$540,572