3 Watercove CtCanyonTX79015
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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 Canyon at 3 Watercove Ct, Canyon, TX, 79015 listed at $699,000 pairs $2,954/mo rent with a $3,421/mo payment. Total monthly income runs $2,954/mo. Return on cash invested measures 6.41% in year one, and rental yield registers 5.07% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 32.76% and total cumulative return in cash totals $75,338. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,954/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
1.37 Acres lot
$N/A/sqft
$600 monthly 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: Marcie Cook • Palo Duro Real Estate
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-4338
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.