18220 Papuan CvElginTX78621
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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 Elgin at 18220 Papuan Cv, Elgin, TX, 78621 uses $84,446 cash to close to unlock $4,348/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $2,174/mo, and a $1,247/mo payment keeps the spread at $362/mo. Purchase price stands at $254,740, and rental yield measures 10.24% with $2,174/mo rent. Return on cash invested shows 25.06% in year one, and 5% annual appreciation builds toward $70,380 over five years. Five-year ROI reaches 131.7% and total cumulative return in cash records $111,214. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,174/mo property income covering a $1,247/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,094
Single Family
10,748
Multi-Family
346
Businesses
658
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