13 Hinders DrCanyonTX79015
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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 at 13 Hinders Dr, Canyon, TX, 79015 priced at $294,000 converts $2,380/mo rent into $289/mo cash flow after a $1,439/mo obligation. Total monthly income equals $2,380/mo, and annual cash flow totals $3,472/yr on $97,461 invested. Return on cash invested prints 23.47% in year one, and rental yield reads 9.71% against a $294,000 entry. Equity gained on principal adds $1,897/yr, while 5% annual appreciation compiles into $81,227 by year five. Five-year ROI reaches 123.19% and total cumulative return in cash sums $120,060. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,380/mo property income covering a $1,439/mo payment, not borrower’s personal income.
Single Family
Built in 2008
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79015, Canyon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,282 (100%) |
| Owner Occupied HU | 5,918 (57.6%) |
| Renter Occupied HU | 3,256 (31.7%) |
| Vacant Housing Units | 1,108 (10.8%) |
| Median Home Value | $368,175 |
| Average Home Value | $412,640 |
Housing Distribution
Address Breakdown
Residential
9,529
Single Family
8,951
Multi-Family
578
Businesses
613
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