108 N Avenue BElginTX78621
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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 Elgin at 108 N Avenue B, Elgin, TX, 78621 generates $1,891/mo in rent, after a $1,783/mo payment. Total monthly income is $1,891/mo. Return on cash invested sits at 11.25% in year one, and rental yield is 6.23% on a $364,300 entry. Equity gained on principal adds $2,351/yr, while 5% annual appreciation builds toward $100,649 over five years. Five-year ROI reaches 58.25% and total cumulative return in cash sums $70,347. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,891/mo property income rather than buyer’s personal income.
Single Family
Built in 1895
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78621, Elgin, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,094
Single Family
10,748
Multi-Family
346
Businesses
658
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