605 Riviera DrCanyon LakeTX78133
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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 Lake at 605 Riviera Dr, Canyon Lake, TX, 78133 generates $3,613/mo in rent, after a $4,772/mo payment. Total monthly income is $3,613/mo. Return on cash invested sits at 7.64% in year one, and rental yield is 4.45% on a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 38.23% and total cumulative return in cash sums $122,619. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,613/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78133, Canyon Lake, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,204
Single Family
11,203
Multi-Family
1
Businesses
655
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Listed by: Timothy Clarkson • RE/MAX Grand
Mls Name: HAR
Mls ID: #88711818