508 Canoe WayCrowleyTX76036
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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 Crowley at 508 Canoe Way, Crowley, TX, 76036 offers a 14.89% rental yield on a $325,000 purchase with $4,032/mo rent. Total monthly income registers $4,032/mo, and a $1,591/mo payment leaves $1,503/mo available for distribution. Annual cash flow reaches $18,042/yr on $107,738 to close, and return on cash invested stands at 36.65% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 194.74% and total cumulative return in cash at $209,809. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,032/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
5,998 sqft lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76036, Crowley, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,161 (100%) |
| Owner Occupied HU | 11,502 (75.9%) |
| Renter Occupied HU | 3,242 (21.4%) |
| Vacant Housing Units | 417 ( 2.8%) |
| Median Home Value | $345,283 |
| Average Home Value | $389,819 |
Housing Distribution
Address Breakdown
Residential
14,610
Single Family
13,553
Multi-Family
1,057
Businesses
581
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Listed by: Joseph Guerrero • MARK SPAIN REAL ESTATE
Mls Name: NTREIS
Mls ID: #20596100
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.