707 Main 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 707 Main St, Canadian, TX, 79014 priced at $199,999 converts $2,532/mo rent into $1,110/mo cash flow after a $979/mo obligation. Total monthly income equals $2,532/mo, and annual cash flow totals $13,316/yr on $66,300 invested. Return on cash invested prints 39.99% in year one, and rental yield reads 15.19% against a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 211.78% and total cumulative return in cash sums $140,408. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,532/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1941
0.39 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: Lori Horner Realty Group • Lori Horner Realty Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-6213
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