833 Fairway DrCanyon LakeTX78070
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 833 Fairway Dr, Canyon Lake, TX, 78070 offers $1,428/mo rent that, after a $895/mo payment, leaves $123/mo cash flow. Total monthly income is $1,428/mo, and annual cash flow is $1,471/yr on $60,631 cash. Return on cash invested measures 22.33% in year one, and rental yield stands at 9.37% at a $182,900 entry. Equity gained on principal adds $1,180/yr while 5% annual appreciation compounds into $50,532 by year five. Five-year ROI records 117.13% and total cumulative return in cash reaches $71,019. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,428/mo property income versus a $895/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
10,001 sqft lot
$N/A/sqft
$5 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78070, Spring Branch, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 8,394 (84.2%) |
| Renter Occupied HU | 885 ( 8.9%) |
| Vacant Housing Units | 692 ( 6.9%) |
| Median Home Value | $596,751 |
| Average Home Value | $695,534 |
Housing Distribution
Address Breakdown
Residential
9,272
Single Family
8,986
Multi-Family
286
Businesses
618
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A