1350 Colleen, Canyon Lake, TX, 78133 | 5.88% Rental Yield

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1350 Colleen, Canyon Lake, TX, 78133 | 5.88% Rental Yield | Ziffy

For Sale

Rental Income

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

Rental property for sale in Canyon Lake at 1350 Colleen, Canyon Lake, TX, 78133 offers $3,650/mo rent that, after a $3,646/mo payment. Total monthly income is $3,650/mo. Return on cash invested measures 11.99% in year one, and rental yield stands at 5.88% at a $745,000 entry. Equity gained on principal adds $4,807/yr while 5% annual appreciation compounds into $205,830 by year five. Five-year ROI records 61.59% and total cumulative return in cash reaches $150,956. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,650/mo property income versus a $3,646/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2011

0.88 Acres lot

$N/A/sqft

No HOA

More details about the property

Captivating Canyon Lake views from your Texas Hill Country home offering 2,583 square feet on .88 of an acre. This thoughtfully designed property features 3 bedrooms and 2.5 baths, plus a game room or optional fourth bedroom with private outside access, making it ideal for guests or short-term rental potential. Open concept living room with fireplace, expansive windows and a gourmet kitchen for entertaining. The primary bedroom includes a spacious ensuite bath, a large walk-in closet, and an adjoining office or nursery room for added functionality. The home includes an elevator shaft ready for installation, offering future accessibility. Step outside to two generous decks perfect for relaxing or entertaining with your outdoor kitchen, along with a fully fenced backyard and plenty of room to add on or pool. With the option to purchase the home fully furnished with an acceptable offer, this turn key property combines comfort and style. Located in a quiet neighborhood with low HOA fees of only $24 a year, 1350 Colleen is a standout opportunity to own a beautiful lakeview home with flexibility and charm.. Home can be rented long term for $4900 a month as well.

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