1256 Cougar Dr UNIT 2Canyon LakeTX78133
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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
Rental property for sale in Canyon Lake at 1256 Cougar Dr UNIT 2, Canyon Lake, TX, 78133 priced at $165,500 converts $1,576/mo rent into $85/mo cash flow after a $810/mo obligation. Total monthly income equals $1,576/mo, and annual cash flow totals $1,021/yr on $54,863 invested. Return on cash invested prints 21.77% in year one, and rental yield reads 11.43% against a $165,500 entry. Equity gained on principal adds $1,068/yr, while 5% annual appreciation compiles into $45,725 by year five. Five-year ROI reaches 116.58% and total cumulative return in cash sums $63,960. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,576/mo property income covering a $810/mo payment, not borrower’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$715 quarterly 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: Colleen Sherwood • Real
Mls Name: SABOR
Mls Provider:
Mls ID: #1815124
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.