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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Canyon Lake at 1240 RIMROCK CV, Canyon Lake, TX, 78070 offers a 10.69% rental yield on a $369,000 purchase with $3,286/mo rent. Total monthly income registers $3,286/mo, and a $1,806/mo payment leaves $660/mo available for distribution. Annual cash flow reaches $7,921/yr on $122,324 to close, and return on cash invested stands at 26.38% in year one. Equity gained on principal adds $2,381/yr while 5% annual appreciation supports $101,948 over five years. Portfolio math shows five-year ROI at 138.81% and total cumulative return in cash at $169,803. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,286/mo property income against a $1,806/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,931 sqft lot
$N/A/sqft
$24 annually HOA
Neighborhood data shown for ZIP Code: 78070, Spring Branch, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 8,394 (84.2%) |
| Renter Occupied HU | 885 ( 8.9%) |
| Vacant Housing Units | 692 ( 6.9%) |
| Median Home Value | $596,751 |
| Average Home Value | $695,534 |
Residential
9,272
Single Family
8,986
Multi-Family
286
Businesses
618
Date | Event | Price |
|---|---|---|
| 2024-10-18 | Listed for sale | $369,000 |
| 2024-08-23 | Listing removed | N/A |
| 2024-08-14 | Price change | $329,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $49,020 | -13.07% |
| 2023-12-27 | $842.32 | 11.07% | $56,390 | 25.65% |
| 2022-12-27 | $758.35 | 170.46% | $44,880 | 185.86% |
Listed by: Eva Varga • eXp Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1817142
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
