488 Canyon OaksConcanTX78838
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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 Concan at 488 Canyon Oaks, Concan, TX, 78838 offers $1,332/mo rent that, after a $2,883/mo payment. Total monthly income is $1,332/mo. Return on cash invested measures 2.27% in year one, and rental yield stands at 2.71% at a $589,000 entry. Equity gained on principal adds $3,801/yr while 5% annual appreciation compounds into $162,730 by year five. Five-year ROI records 9.47% and total cumulative return in cash reaches $18,350. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,332/mo property income versus a $2,883/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
1.05 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78838, Concan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 245 (100%) |
| Owner Occupied HU | 111 (45.3%) |
| Renter Occupied HU | 14 ( 5.7%) |
| Vacant Housing Units | 120 (49.0%) |
| Median Home Value | $386,111 |
| Average Home Value | $435,766 |
Housing Distribution
Address Breakdown
Residential
58
Single Family
58
Multi-Family
0
Businesses
63
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Listed by: Raymond Martinez • Frio First Realty, LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1840715
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.