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$384,000

10 Backus Ln, Canyon, TX, 79015

$414,282 ARVInfo
SoldInfo
7/30/26
Beds4 Beds
Baths2 Bath
Baths2,189 Sq Ft
price_per_sqft$1.23 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

About this property

Located in the Madison Park area just outside of Canyon Texas, this 4 bedroom, 2 bath home offers an open floor plan, quality construction and a peaceful setting. Built by Llano Construction, the home features a brick exterior, spacious living areas and a layout that flows easily from room to room. A great location for those wanting a little more space and a slower pace without giving up convenience. upgrades per seller: Double ovens, solid core interior doors with ball vearing hinges, crown molding in all rooms, insulated garage door, spray foam above garage and home, water softening system, and gutters.

Investor Tools

Property Icon
$384,000
Estimated Property Value
$0Estimated Mortgage Balance
$384,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$414,282
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,304 /month
Positive
Cash Flow Estimate:
$768 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$598/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Canyon

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10 Backus Ln | Property Details | No Agent List