4 Beds 3 Baths in Canyon Lake TX

Turnkey Investment Opportunity in Canyon Lake, TX 78133

Discover an exceptional investment opportunity with this beautifully renovated home in Canyon Lake, TX. Priced at $575,000, this spacious property includes a total entry fee of $50,000 (comprising a $40,000 down payment and a $10,000 assignment fee, plus transaction coordinator and closing costs). The property boasts a low 3.75% interest rate and a PITI of $2,792, broken down into $2,501 for principal and interest, and $291 for taxes and insurance. With a minimal HOA fee of just $2 per month, the property is an ideal candidate for rental income.

Property Details:

• Address: Canyon Lake, TX 78133
• Purchase Price: $575,000
• Total Entry Fee: $50,000 + transaction coordinator and closing costs
• PITI: $2,792/month
• Interest Rate: 3.75%
• HOA Fee: $2/month
• Earnest Money Deposit (EMD): $3,000
• Closing Date: To be determined

Rental Projections:

• Long-Term Rental (LTR) Rent: $3,490/month
• Monthly Cash Flow: Approximately $698

Property Features:

• Bedrooms: 4 (including a mother-in-law suite)
• Bathrooms: 3
• Living Area: 2,000 sq ft
• Year Built: 1966
• Renovations: This home has been thoroughly renovated, featuring a 3-bedroom, 2-bathroom main house and an additional 1-bedroom, 1-bathroom mother-in-law suite. Upgrades include raised ceilings, warm wood accents, luxury vinyl flooring, granite countertops, fresh tile work, replaced windows, doors, fixtures, lighting, and stainless steel appliances.

This property not only offers immediate rental income but also significant cash flow potential with a monthly net of $698. The low entry fee, coupled with extensive renovations and a favorable interest rate, make it a lucrative addition to any investment portfolio. Act fast to secure this prime real estate in a desirable location near Canyon Lake.

Details

Property ID
SPSP-18207

Bedrooms
4

Bathrooms
3

Entry Cost ($)
50000

APR (%)
3.75

PITI ($)
2792