Feb 26 • Interesting Deals
$44K in Annual Net Cash Flow - Canyon Lake Property For Sale
Hey everyone!
Here's an interesting property I found on the STRIQ app in Canyon Lake TX that could be interesting to take a look at...
2045 Scenic View Dr, Canyon Lake TX
$774,700
7 Bed
4.5 Bath
4,579 SF
Matt's Underwriting Projections:
Revenue (from STRIQ Comps Dashboard):
- $89K (50th percentile -- "Average" Revenue Estimate)
- $164K (75th percentile -- Possible with better design and amenities)
- $249K (top 10% -- This is harder to achieve but possible with the best design and amenities)
Results:
- $75K Down Payment (10% Down based on 2nd Home Loan)
- $150K in Estimated Design, Amenities & Furniture
- $44K in Annual Net Cash Flow (after financing and operating expenses)
- $3.6K in Monthly Net Cash Flow (after financing and operating expenses)
- 18% Projected Cash on Cash Return
- $100K in Annual Net Operating Income (if no debt was on the property)
- 12.9% Cap Rat (NOI divided by Purchase Price)
Other Benefits:
- Potential ~$25K in Tax Write Offs for 2025
- Fun place to take your family in the Texas Hill Country!
STRIQ App Link (For Sale Properties)
STRIQ Comps Dashboard Link (Revenue Estimates)
Zillow link
Would love the communities thoughts on this property. Would you do this deal?
Drop your feedback below in the comments!
-Matt
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$44K in Annual Net Cash Flow - Canyon Lake Property For Sale
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