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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% |
Investment property for sale in Elgin at 13241 Illumination Rd, Elgin, TX, 78621 earns $128/mo cash flow from $2,174/mo rent with a $1,370/mo payment. Total monthly income totals $2,174/mo, and annual cash flow totals $1,540/yr on $92,817 capital. ROI tracks 21.57% on current figures, and rental yield reads 9.32% at a $279,990 purchase. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,356 over five years. Five-year ROI reaches 113.24% and total cumulative return in cash sums $105,102. 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 2024
4,791 sqft lot
$N/A/sqft
$55 monthly 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 |
|---|---|---|
| 2025-02-10 | Price change | $279,990 |
| 2025-02-04 | Price change | $281,990 |
| 2025-01-22 | Price change | $279,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kathryn Stredwick • First Texas Brokerage Company
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #7462159
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-02-13 10:24:37 PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_27)
