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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 120 Twin Oaks Rd, Elgin, TX, 78621 priced at $300,000 converts $2,558/mo rent into $425/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,558/mo, and annual cash flow totals $5,100/yr on $99,450 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 10.23% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 131.54% and total cumulative return in cash sums $130,812. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,558/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Manufactured
Built in 2004
8.60 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: Roxanne Hayes • RE/MAX Bastrop Area
Mls Name: Unlock MLS
Mls ID: #4152854
