207 Oakcrest 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 207 Oakcrest St, Elkhart, TX, 75839 offers $925/mo rent that, after a $582/mo payment, leaves $79/mo cash flow. Total monthly income is $925/mo, and annual cash flow is $951/yr on $39,449 cash. Return on cash invested measures 22.32% in year one, and rental yield stands at 9.33% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 117.07% and total cumulative return in cash reaches $46,181. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $925/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.33 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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Listed by: David Eichhorst • Texas Property Brokers, LLC
Mls Name: NTREIS
Mls ID: #20816009
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.