13516 Wandering Rhett DrElginTX78621
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 Elgin at 13516 Wandering Rhett Dr, Elgin, TX, 78621 listed at $352,783 pairs $2,558/mo rent with a $1,727/mo payment to leave $49/mo cash flow. Total monthly income runs $2,558/mo, and annual cash flow reaches $588/yr on $116,948 cash to close. Return on cash invested measures 20.41% in year one, and rental yield registers 8.7% at a $352,783 basis. Equity gained on principal adds $2,276/yr, and annual property appreciation at 5% supports $97,467 by year five. Five-year ROI tracks 106.73% and total cumulative return in cash totals $124,824. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,558/mo property income relative to a $1,727/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices