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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Canyon at 1908 3rd Ave, Canyon, TX, 79015 offers $2,688/mo rent that, after a $979/mo payment, leaves $1,266/mo cash flow. Total monthly income is $2,688/mo, and annual cash flow is $15,188/yr on $66,300 cash. Return on cash invested measures 42.82% in year one, and rental yield stands at 16.13% at a $199,999 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 226.91% and total cumulative return in cash reaches $150,440. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,688/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 79015, Canyon, TX area.
| 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 |
Residential
9,529
Single Family
8,951
Multi-Family
578
Businesses
613
Date | Event | Price |
|---|---|---|
| 2025-05-02 | Listed for sale | $199,999 |
| 2024-09-18 | Listing removed | $220,000 |
| 2024-07-26 | Price change | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-02 | N/A | N/A | $150,890 | N/A |
| 2023-05-02 | $2658.75 | -11.02% | $150,890 | 0.95% |
| 2022-05-02 | $2988.15 | 11.51% | $149,466 | 20.00% |
Listed by: Shelly Hanes • Realty ONE Group Oculus
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-4010
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.
