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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 147 Two Bits Ln, Elgin, TX, 78621 offers a 9.72% rental yield on a $315,890 purchase with $2,558/mo rent. Total monthly income registers $2,558/mo, and a $1,546/mo payment leaves $312/mo available for distribution. Annual cash flow reaches $3,741/yr on $104,718 to close, and return on cash invested stands at 23.48% in year one. Equity gained on principal adds $2,038/yr while 5% annual appreciation supports $87,275 over five years. Portfolio math shows five-year ROI at 123.21% and total cumulative return in cash at $129,021. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,558/mo property income against a $1,546/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
4,791 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ben Caballero • HomesUSA.com
Mls Name: Unlock MLS
Mls ID: #2318003
