114 Speir Ln #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 114 Speir Ln #B, Elgin, TX, 78621 priced at $214,700 converts $2,410/mo rent into $860/mo cash flow after a $1,051/mo obligation. Total monthly income equals $2,410/mo, and annual cash flow totals $10,324/yr on $71,173 invested. Return on cash invested prints 34.41% in year one, and rental yield reads 13.47% against a $214,700 entry. Equity gained on principal adds $1,385/yr, while 5% annual appreciation compiles into $59,318 by year five. Five-year ROI reaches 182.03% and total cumulative return in cash sums $129,555. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,410/mo property income covering a $1,051/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
2.89 Acres 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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