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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 Lake at 263 Watts Ln, Canyon Lake, TX, 78133 generates $6,161/mo in rent and, after a $2,325/mo payment, leaves $2,666/mo in cash flow. Total monthly income is $6,161/mo, and annual cash flow is $31,991/yr on $157,463 invested. Return on cash invested sits at 40.23% in year one, and rental yield is 15.56% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 213.32% and total cumulative return in cash sums $335,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,161/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78133, Canyon Lake, TX area.
| 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 |
Residential
11,204
Single Family
11,203
Multi-Family
1
Businesses
655
Date | Event | Price |
|---|---|---|
| 2024-06-04 | Price change | $475,000 |
| 2024-04-23 | Listed for sale | $490,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $9290.86 | 13.04% | $623,010 | 27.60% |
| 2022-08-14 | $8219.23 | 35.64% | $488,240 | 44.62% |
| 2021-08-14 | $6059.69 | -3.99% | $337,600 | -4.21% |
Listed by: William Valdez • RE/MAX 5 Star Realty
Mls Name: HAR
Mls Provider:
Mls ID: #69256119
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers 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.
