42 Highland LnCanyonTX79015
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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 at 42 Highland Ln, Canyon, TX, 79015 generates $3,040/mo in rent and, after a $1,692/mo payment, leaves $582/mo in cash flow. Total monthly income is $3,040/mo, and annual cash flow is $6,980/yr on $114,600 invested. Return on cash invested sits at 26% in year one, and rental yield is 10.55% on a $345,700 entry. Equity gained on principal adds $2,231/yr, while 5% annual appreciation builds toward $95,511 over five years. Five-year ROI reaches 136.72% and total cumulative return in cash sums $156,680. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,040/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
6,969 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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