2000 3rd AveCanyonTX79015
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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
Rental property for sale in Canyon at 2000 3rd Ave, Canyon, TX, 79015 generates $4,648/mo in rent and, after a $3,059/mo payment, leaves $204/mo in cash flow. Total monthly income is $4,648/mo, and annual cash flow is $2,443/yr on $205,625 invested. Return on cash invested sits at 21.25% in year one, and rental yield is 8.92% on a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 111.21% and total cumulative return in cash sums $228,685. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,648/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
0.40 Acres 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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Listed by: Cindy Hays • Landmark Realty Amarillo
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-9493
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.