18213 Papuan Cv, Elgin, TX, 78621 | $400/mo Cash Flow

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18213 Papuan Cv, Elgin, TX, 78621 | $400/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

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 18213 Papuan Cv, Elgin, TX, 78621 generates $2,558/mo in rent and, after a $1,485/mo payment, leaves $400/mo in cash flow. Total monthly income is $2,558/mo, and annual cash flow is $4,803/yr on $100,607 invested. Return on cash invested sits at 24.68% in year one, and rental yield is 10.11% on a $303,490 entry. Equity gained on principal adds $1,958/yr, while 5% annual appreciation builds toward $83,849 over five years. Five-year ROI reaches 129.68% and total cumulative return in cash sums $130,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,558/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

From the covered porch, you enter into the foyer, where stairs to the second floor are immediately in view. Continuing through, you arrive at the open family room, dining area, and kitchen. A powder bath is conveniently located off the kitchen and family room. Also off the kitchen are a pantry, a coat closet, and access to the two-car garage. Upstairs, a central loft leads to the primary bedroom, which includes a primary bath and a spacious walk-in closet. Three additional bedrooms-each with its own walk-in closet-share a full bath. A laundry room is also located on the second floor for added convenience.

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