38 Griffin DrCanyonTX79015
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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 38 Griffin Dr, Canyon, TX, 79015 uses $120,666 cash to close to unlock $1,694/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $2,730/mo, and a $1,782/mo payment keeps the spread at $141/mo. Purchase price stands at $364,000, and rental yield measures 9% with $2,730/mo rent. Return on cash invested shows 21.31% in year one, and 5% annual appreciation builds toward $100,566 over five years. Five-year ROI reaches 111.61% and total cumulative return in cash records $134,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,730/mo property income covering a $1,782/mo payment rather than investor’s personal income.
Single Family
Built in 2009
7,840 sqft 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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