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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Elgin at 116 Pine Point Cv, Elgin, TX, 78621 offers $2,558/mo rent that, after a $2,677/mo payment. Total monthly income is $2,558/mo. Return on cash invested measures 11.18% in year one, and rental yield stands at 5.61% at a $547,000 entry. Equity gained on principal adds $3,530/yr while 5% annual appreciation compounds into $151,126 by year five. Five-year ROI records 57.23% and total cumulative return in cash reaches $103,000. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,558/mo property income versus a $2,677/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78621, Elgin, TX area.
| 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 |
Residential
11,094
Single Family
10,748
Multi-Family
346
Businesses
658
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Emilio Sanchez de la Teja • Team Price Real Estate
Mls Name: Unlock MLS
Mls ID: #6881931
