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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% |
Rental property for sale in Elgin at 1384 Private Road 3023, Elgin, TX, 78621 generates $1,787/mo in rent and, after a $1,155/mo payment, leaves $109/mo in cash flow. Total monthly income is $1,787/mo, and annual cash flow is $1,306/yr on $78,234 invested. Return on cash invested sits at 21.58% in year one, and rental yield is 9.09% on a $235,999 entry. Equity gained on principal adds $1,523/yr, while 5% annual appreciation builds toward $65,202 over five years. Five-year ROI reaches 113.01% and total cumulative return in cash sums $88,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,787/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
5.10 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-02-03 | Price change | $235,999 |
| 2025-01-28 | Price change | $239,999 |
| 2025-01-13 | Price change | $249,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $3451.67 | 10.59% | $241,900 | 13.36% |
| 2023-02-13 | $3121.05 | 8.05% | $213,390 | 23.88% |
| 2022-02-13 | $2888.63 | 21.78% | $172,260 | 28.93% |
Listed by: Salim Chowdhury • O'Barr Rost REALTORS
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #4350247
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)
