505 2nd StCanyonTX79015
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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 505 2nd St, Canyon, TX, 79015 generates $1,890/mo in rent and, after a $796/mo payment, leaves $733/mo in cash flow. Total monthly income is $1,890/mo, and annual cash flow is $8,800/yr on $53,935 invested. Return on cash invested sits at 36.23% in year one, and rental yield is 13.94% on a $162,700 entry. Equity gained on principal adds $1,050/yr, while 5% annual appreciation builds toward $44,951 over five years. Five-year ROI reaches 191.6% and total cumulative return in cash sums $103,341. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,890/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
9,147 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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