623 Royal Oak 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 623 Royal Oak Dr, Canyon Lake, TX, 78133 offers $1,206/mo rent that, after a $717/mo payment, leaves $147/mo cash flow. Total monthly income is $1,206/mo, and annual cash flow is $1,767/yr on $48,565 cash. Return on cash invested measures 23.55% in year one, and rental yield stands at 9.88% at a $146,500 entry. Equity gained on principal adds $945/yr while 5% annual appreciation compounds into $40,475 by year five. Five-year ROI records 123.79% and total cumulative return in cash reaches $60,119. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,206/mo property income versus a $717/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
10,018 sqft lot
$N/A/sqft
$17 monthly 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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