18304 Speculator LnElginTX78621
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Elgin at 18304 Speculator Ln, Elgin, TX, 78621 generates $2,329/mo in rent and, after a $1,395/mo payment, leaves $302/mo in cash flow. Total monthly income is $2,329/mo, and annual cash flow is $3,627/yr on $94,477 invested. Return on cash invested sits at 23.75% in year one, and rental yield is 9.81% on a $284,999 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 124.68% and total cumulative return in cash sums $117,798. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,329/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
5,998 sqft 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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