1520 Main StCanadianTX79014
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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
Investment property for sale in Canadian at 1520 Main St, Canadian, TX, 79014 uses $107,738 cash to close to unlock $25,519/yr annual cash flow and $2,127/mo monthly cash flow. Total monthly income runs $4,438/mo, and a $1,591/mo payment keeps the spread at $2,127/mo. Purchase price stands at $325,000, and rental yield measures 16.39% with $4,438/mo rent. Return on cash invested shows 43.6% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 231.07% and total cumulative return in cash records $248,953. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,438/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79014, Canadian, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 885 (56.8%) |
| Renter Occupied HU | 257 (16.5%) |
| Vacant Housing Units | 416 (26.7%) |
| Median Home Value | $232,375 |
| Average Home Value | $233,110 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,349
Multi-Family
8
Businesses
221
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Listed by: Karen Bradford • Legacy Broker Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-5659
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.