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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Elgin at 1038 Red Town Rd, Elgin, TX, 78621 priced at $440,000 pairs $3,722/mo rent with $593/mo cash flow after a $2,154/mo payment. Total monthly income equals $3,722/mo, and annual cash flow comes to $7,112/yr on $145,860 invested. Return on cash invested is 24.78% in year one, and rental yield stands at 10.15% on a $440,000 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,564 by year five. Five-year ROI measures 130.2% and total cumulative return in cash reaches $189,910. For financing, Ziffy Mortgage’s DSCR program evaluates $3,722/mo property income against a $2,154/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78621, Elgin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,834 (100%) |
| Owner Occupied HU | 9,052 (76.5%) |
| Renter Occupied HU | 2,160 (18.3%) |
| Vacant Housing Units | 622 ( 5.3%) |
| Median Home Value | $357,342 |
| Average Home Value | $417,153 |
Residential
11,094
Single Family
10,748
Multi-Family
346
Businesses
658
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Mark Cochran • World Wide Realty,LLC
Mls Name: HAR
Mls ID: #38566354
