204 Lilly DrElkhartTX75839
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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 Elkhart at 204 Lilly Dr, Elkhart, TX, 75839 with 5% annual appreciation on a $258,999 basis while $2,278/mo rent supports operations. Total monthly income totals $2,278/mo and a $1,268/mo payment preserves $436/mo for cash returns. Annual cash flow comes to $5,231/yr on $85,858 deployed, and return on cash invested reaches 26% in year one. Equity gained on principal adds $1,671/yr, and five-year appreciation sums $71,557 alongside rental yield of 10.55%. Five-year ROI measures 136.72% and total cumulative return in cash totals $117,387.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,278/mo property income versus a $1,268/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.30 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
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