203 S Main StElkhartTX75839
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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
Rental property for sale in Elkhart at 203 S Main St, Elkhart, TX, 75839 offers $0/mo rent that, after a $612/mo payment. Total monthly income is $0/mo. Return on cash invested measures -5.84% in year one, and rental yield stands at 0% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75839, Elkhart, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,479 (100%) |
| Owner Occupied HU | 1,678 (67.7%) |
| Renter Occupied HU | 468 (18.9%) |
| Vacant Housing Units | 333 (13.4%) |
| Median Home Value | $262,245 |
| Average Home Value | $317,059 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
2,184
Multi-Family
0
Businesses
110
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices