1209 E State Highway 294ElkhartTX75839
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Elkhart at 1209 E State Highway 294, Elkhart, TX, 75839 uses $46,410 cash to close to unlock $1,244/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $1,099/mo, and a $685/mo payment keeps the spread at $104/mo. Purchase price stands at $140,000, and rental yield measures 9.42% with $1,099/mo rent. Return on cash invested shows 22.59% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 118.42% and total cumulative return in cash records $54,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,099/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 2013
5.89 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices