408 Clay RidgeCanyon LakeTX78133
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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
Rental property for sale in Canyon Lake at 408 Clay Ridge, Canyon Lake, TX, 78133 priced at $195,000 converts $1,464/mo rent into $78/mo cash flow after a $954/mo obligation. Total monthly income equals $1,464/mo, and annual cash flow totals $933/yr on $64,643 invested. Return on cash invested prints 21.35% in year one, and rental yield reads 9.01% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 111.79% and total cumulative return in cash sums $72,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,464/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 2016
0.26 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: Sharon Peters • Sharon Peters
Mls Name: LERA MLS
Mls ID: #1928323