223 HeimerCanyon LakeTX78133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lake at 223 Heimer, Canyon Lake, TX, 78133 offers $1,909/mo rent that, after a $1,119/mo payment, leaves $283/mo cash flow. Total monthly income is $1,909/mo, and annual cash flow is $3,401/yr on $75,761 cash. Return on cash invested measures 24.4% in year one, and rental yield stands at 10.02% at a $228,540 entry. Equity gained on principal adds $1,475/yr while 5% annual appreciation compounds into $63,141 by year five. Five-year ROI records 128.18% and total cumulative return in cash reaches $97,108. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,909/mo property income versus a $1,119/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.49 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,204
Single Family
11,203
Multi-Family
1
Businesses
655
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Listed by: Eddie Mullins • Legendary Realty
Mls Name: LERA MLS
Mls ID: #1925727