132 W Outer Drive, Canyon Lake, TX, 78133 | $120/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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132 W Outer Drive, Canyon Lake, TX, 78133 | $120/mo Cash Flow | 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 132 W Outer Drive, Canyon Lake, TX, 78133 with 5% annual appreciation on a $499,000 basis while $3,668/mo rent supports operations. Total monthly income totals $3,668/mo and a $2,442/mo payment preserves $120/mo for cash returns. Annual cash flow comes to $1,439/yr on $165,419 deployed, and return on cash invested reaches 20.78% in year one. Equity gained on principal adds $3,220/yr, and five-year appreciation sums $137,865 alongside rental yield of 8.82%. Five-year ROI measures 108.7% and total cumulative return in cash totals $179,814.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,668/mo property income versus a $2,442/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1985

0.51 Acres lot

$N/A/sqft

No HOA

More details about the property

I would like to present a captivating property in Canyon Lake, Texas, designed for an exceptional living experience. This home offers 3,054 square feet of open-concept living space, seamlessly integrating the kitchen with the living area and outdoor patio. It features three bedrooms, three well-appointed bathrooms with separate showers, and dedicated office space and two separate garages. The residence is perfectly situated on a generous 0.51-acre lot, providing ample room for spacious living and various outdoor entertaining areas, ideal for gatherings and barbecues with friends and family. Additionally, the community offers convenient access to the lake and a private pool house, enhancing the recreational opportunities available to residents.. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this 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