124 Woodcrest StElkhartTX75839
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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 Elkhart at 124 Woodcrest St, Elkhart, TX, 75839 generates $2,780/mo in rent and, after a $693/mo payment, leaves $1,769/mo in cash flow. Total monthly income is $2,780/mo, and annual cash flow is $21,225/yr on $46,959 invested. Return on cash invested sits at 65.11% in year one, and rental yield is 23.55% on a $141,657 entry. Equity gained on principal adds $914/yr, while 5% annual appreciation builds toward $39,137 over five years. Five-year ROI reaches 346.47% and total cumulative return in cash sums $162,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,780/mo property income rather than buyer’s personal income.
Apartment
Built in 2014
0.63 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
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