1620 N Elder Hill RdDriftwoodTX78619
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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
Investment property for sale in Driftwood at 1620 N Elder Hill Rd, Driftwood, TX, 78619 listed at $793,300 pairs $0/mo rent with a $3,883/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -5.88% in year one, and rental yield registers 0% at a $793,300 basis. Equity gained on principal adds $5,119/yr, and annual property appreciation at 5% supports $219,174 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $3,883/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78619, Driftwood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,476 (100%) |
| Owner Occupied HU | 2,132 (86.1%) |
| Renter Occupied HU | 201 ( 8.1%) |
| Vacant Housing Units | 143 ( 5.8%) |
| Median Home Value | $830,838 |
| Average Home Value | $913,539 |
Housing Distribution
Address Breakdown
Residential
2,401
Single Family
2,401
Multi-Family
0
Businesses
150
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No similar rental properties found nearby.
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