123 Saranac DrElginTX78621
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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 123 Saranac Dr, Elgin, TX, 78621 earns $275/mo cash flow from $2,174/mo rent with a $1,307/mo payment. Total monthly income totals $2,174/mo, and annual cash flow totals $3,302/yr on $88,511 capital. ROI tracks 23.64% on current figures, and rental yield reads 9.77% at a $267,000 purchase. Equity gained on principal adds $1,723/yr, and 5% annual appreciation supports $73,767 over five years. Five-year ROI reaches 124.1% and total cumulative return in cash sums $109,843. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,174/mo property income instead of your personal income.
Single Family
Built in 2018
7,143 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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