1232 Eastview DrCanyon LakeTX78133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Canyon Lake at 1232 Eastview Dr, Canyon Lake, TX, 78133 priced at $245,000 converts $2,080/mo rent into $338/mo cash flow after a $1,199/mo obligation. Total monthly income equals $2,080/mo, and annual cash flow totals $4,055/yr on $81,218 invested. Return on cash invested prints 24.9% in year one, and rental yield reads 10.19% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 130.82% and total cumulative return in cash sums $106,248. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,080/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 2017
7,666 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,204
Single Family
11,203
Multi-Family
1
Businesses
655
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Listed by: Ashlee Jorgensen • Orchard Brokerage
Mls Name: LERA MLS
Mls ID: #1913939