615 S 6th StCanadianTX79014
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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 Canadian at 615 S 6th St, Canadian, TX, 79014 priced at $599,900 pairs $2,318/mo rent with after a $2,936/mo payment. Total monthly income equals $2,318/mo. Return on cash invested is 8.22% in year one, and rental yield stands at 4.64% on a $599,900 basis. Equity gained on principal adds $3,871/yr, and 5% annual appreciation accumulates to $165,741 by year five. Five-year ROI measures 41.35% and total cumulative return in cash reaches $81,604. For financing, Ziffy Mortgage’s DSCR program evaluates $2,318/mo property income against a $2,936/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1948
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79014, Canadian, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 885 (56.8%) |
| Renter Occupied HU | 257 (16.5%) |
| Vacant Housing Units | 416 (26.7%) |
| Median Home Value | $232,375 |
| Average Home Value | $233,110 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,349
Multi-Family
8
Businesses
221
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Listed by: Karen Bradford • Legacy Broker Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-5334
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.