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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% |
Investment property for sale in Canyon Lake at 315 WATTS LN UNIT 6B, Canyon Lake, TX, 78133 with 5% annual appreciation on a $255,000 basis while $3,574/mo rent supports operations. Total monthly income totals $3,574/mo and a $1,248/mo payment preserves $1,476/mo for cash returns. Annual cash flow comes to $17,709/yr on $84,533 deployed, and return on cash invested reaches 40.86% in year one. Equity gained on principal adds $1,645/yr, and five-year appreciation sums $70,452 alongside rental yield of 16.82%. Five-year ROI measures 217.87% and total cumulative return in cash totals $184,172.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,574/mo property income versus a $1,248/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1983
N/A lot
$N/A/sqft
$285 monthly 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 |
|---|---|---|
| 2024-07-17 | Price change | $255,000 |
| 2024-04-17 | Listed for sale | $260,000 |
| 2024-04-10 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $552.50 | -63.87% | $186,129 | 10.00% |
| 2022-08-14 | $1529.03 | -44.62% | $169,208 | 10.00% |
| 2021-08-14 | $2761.06 | 6.10% | $153,825 | 5.86% |
Listed by: Cathleen Heshmat • San Antonio Portfolio KW RE AH
Mls Name: SABOR
Mls Provider:
Mls ID: #1767432
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.
