114 N Us Highway 287ElkhartTX75839
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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 Elkhart at 114 N Us Highway 287, Elkhart, TX, 75839 generates $2,561/mo in rent and, after a $683/mo payment, leaves $1,569/mo in cash flow. Total monthly income is $2,561/mo, and annual cash flow is $18,825/yr on $46,244 invested. Return on cash invested sits at 60.62% in year one, and rental yield is 22.03% on a $139,500 entry. Equity gained on principal adds $900/yr, while 5% annual appreciation builds toward $38,541 over five years. Five-year ROI reaches 322.36% and total cumulative return in cash sums $149,073. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,561/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75839, Elkhart, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 1,678 (67.7%) |
| Renter Occupied HU | 468 (18.9%) |
| Vacant Housing Units | 333 (13.4%) |
| Median Home Value | $262,245 |
| Average Home Value | $317,059 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
2,184
Multi-Family
0
Businesses
110
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