17920 Honey Locust Ln, Elgin, TX, 78621 | $454/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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17920 Honey Locust Ln, Elgin, TX, 78621 | $454/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Elgin at 17920 Honey Locust Ln, Elgin, TX, 78621 generates $2,174/mo in rent and, after a $1,184/mo payment, leaves $454/mo in cash flow. Total monthly income is $2,174/mo, and annual cash flow is $5,443/yr on $80,223 invested. Return on cash invested sits at 26.69% in year one, and rental yield is 10.78% on a $242,000 entry. Equity gained on principal adds $1,562/yr, while 5% annual appreciation builds toward $66,860 over five years. Five-year ROI reaches 140.45% and total cumulative return in cash sums $112,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,174/mo property income rather than buyer’s personal income.

Single Family

Built in 2005

5,619 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 17920 Honey Locust Ln in Elgin, TX! This well-maintained single-story home offers peaceful living with no back neighbors and a relaxing covered patioa rare find with many other Elgin homes. Step inside to discover a bright, open layout with large tile flooring throughout the main areas and carpeted bedrooms for comfort. A versatile formal dining room gives you the flexibility to create your ideal spacehome office, playroom, workout area, or creative nook. The kitchen features gas cooking and a cozy breakfast area, perfect for everyday meals. The refrigerator, washer, and dryer all convey with the saleproviding added value and convenience. The washer and dryer are located in the hallway, away from the main living spaces. Youll also appreciate the roof replaced in 2024, upgraded daylight lighting, and a creative garage designone full parking bay on the left plus extra storage space on the right, in front of the water heater. Enjoy community amenities including a pool and playground, plus an abundance of mature trees throughout the neighborhood. Conveniently located with easy access to HWY 290, this home offers both comfort and value in a peaceful setting. Priced to sell As-Iscome see the potential and make it yours!

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