








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Canyon Lake at 511 Red Bird St, Canyon Lake, TX, 78133 at $950,000 posts ROI 9.3% with from $3,953/mo rent. Total monthly income equals $3,953/mo. Return on cash invested measures 9.3% and rental yield reads 4.99% at the current $950,000. Equity gained on principal adds $6,130/yr, and 5% annual appreciation supports $262,467 by year five. Five-year ROI prints 47.14% and total cumulative return in cash totals $147,338. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,953/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78133, Canyon Lake, TX area.
| 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 |
Residential
11,204
Single Family
11,203
Multi-Family
1
Businesses
655
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $950,000 |
| 2025-05-16 | Listing removed | $950,000 |
| 2025-05-09 | Price change | $950,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-29 | $4402.43 | -0.62% | $298,730 | 0.57% |
| 2023-05-29 | $4429.71 | -8.11% | $297,040 | 3.73% |
| 2022-05-29 | $4820.70 | 28.94% | $286,360 | 37.48% |



Listed by: Alexis Weigand • Keller Williams City-View
Mls Name: SABOR
Mls Provider:
Mls ID: #1867354
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.