18220 Harpy Ct, Elgin, TX, 78621 | $92/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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18220 Harpy Ct, Elgin, TX, 78621 | $92/mo Cash Flow | Ziffy

Off market

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 18220 Harpy Ct, Elgin, TX, 78621 generates $2,558/mo in rent and, after a $1,697/mo payment, leaves $92/mo in cash flow. Total monthly income is $2,558/mo, and annual cash flow is $1,107/yr on $114,964 invested. Return on cash invested sits at 20.87% in year one, and rental yield is 8.85% on a $346,800 entry. Equity gained on principal adds $2,238/yr, while 5% annual appreciation builds toward $95,814 over five years. Five-year ROI reaches 109.24% and total cumulative return in cash sums $125,585. 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

As you enter the home, you're welcomed into the foyer with immediate access to the staircase leading to the second floor. Continuing through the main level, you'll pass a storage closet, a bedroom with a full bath, and entry to the two-car garage. The home then opens into the family room, dining area, and kitchenoffering a comfortable and connected living space. Upstairs, a spacious loft serves as a central gathering area, leading to two additional bedrooms, each with its own walk-in closet and a shared full bath. The second floor also includes the primary bedroom, featuring a private bath and a generous walk-in closet, as well as a conveniently located laundry room.

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