121 Grassy LnElginTX78621
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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
Investment property for sale in Elgin at 121 Grassy Ln, Elgin, TX, 78621 listed at $515,000 pairs $3,232/mo rent with a $2,521/mo payment. Total monthly income runs $3,232/mo. Return on cash invested measures 17.01% in year one, and rental yield registers 7.53% at a $515,000 basis. Equity gained on principal adds $3,323/yr, and annual property appreciation at 5% supports $142,285 by year five. Five-year ROI tracks 88.49% and total cumulative return in cash totals $149,941. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,232/mo property income relative to a $2,521/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
1.02 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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