112 W Point WayElginTX78621
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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
Investment property for sale in Elgin at 112 W Point Way, Elgin, TX, 78621 at $359,900 posts ROI 17.2% with from $2,290/mo rent. Total monthly income equals $2,290/mo. Return on cash invested measures 17.2% and rental yield reads 7.64% at the current $359,900. Equity gained on principal adds $2,322/yr, and 5% annual appreciation supports $99,434 by year five. Five-year ROI prints 89.53% and total cumulative return in cash totals $106,814. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,290/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2019
6,316 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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