112 W Ila St, Elgin, TX, 78621 | $12/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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112 W Ila St, Elgin, TX, 78621 | $12/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Elgin at 112 W Ila St, Elgin, TX, 78621 offers $1,648/mo rent that, after a $1,126/mo payment, leaves $12/mo cash flow. Total monthly income is $1,648/mo, and annual cash flow is $146/yr on $76,245 cash. Return on cash invested measures 20.1% in year one, and rental yield stands at 8.6% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 105.13% and total cumulative return in cash reaches $80,155. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,648/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1965

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

This single-level home offers a generous 1,920 square feet of unfinished space with 4 bedrooms and 4 full bathrooms, including a primary ensuite and a guest bedroom with its own ensuite, presenting the perfect opportunity to design and create your own custom dream home. Situated on a spacious 0.30-acre lot, this is 3 city lots with large mature trees, the property provides ample room for outdoor living, gardening. The seller plans to leave construction materials currently in the house to aid in completion. Whether you're an investor, builder, or homeowner with a vision, this blank canvas is ready for your personal touch and creative design. One HVAC unit is installed with the plenum in the attic and vent lines are in place (compressor not included). A second HVAC unit is onsite; electrical and Freon lines are installed, (no plenum installed and compressor not included). Electrical service is currently on a construction pole; water and sewer are already hooked up. Conveniently located minutes from Highway 290 and conveniently located 27.1 miles from Austin Airport, 25.7 miles from downtown Austin, less than a mile from downtown Elgin, 18.7 miles from Bastrop, 16 miles from the Samsung Factory in Taylor, and 22.6 miles from the Tesla plant.

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