117 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
Rental property for sale in Elgin at 117 W Point Way, Elgin, TX, 78621 priced at $357,000 converts $2,705/mo rent into $167/mo cash flow after a $1,747/mo obligation. Total monthly income equals $2,705/mo, and annual cash flow totals $2,000/yr on $118,346 invested. Return on cash invested prints 21.6% in year one, and rental yield reads 9.09% against a $357,000 entry. Equity gained on principal adds $2,304/yr, while 5% annual appreciation compiles into $98,633 by year five. Five-year ROI reaches 113.12% and total cumulative return in cash sums $133,876. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,705/mo property income covering a $1,747/mo payment, not borrower’s personal income.
Single Family
Built in 2020
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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