217 Lavender Ln, Elgin, TX, 78621 | $105/mo Cash Flow

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217 Lavender Ln, Elgin, TX, 78621 | $105/mo Cash Flow | Ziffy

Off market

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elgin at 217 Lavender Ln, Elgin, TX, 78621 offers a 8.96% rental yield on a $291,000 purchase with $2,174/mo rent. Total monthly income registers $2,174/mo, and a $1,424/mo payment leaves $105/mo available for distribution. Annual cash flow reaches $1,259/yr on $96,467 to close, and return on cash invested stands at 21.21% in year one. Equity gained on principal adds $1,878/yr while 5% annual appreciation supports $80,398 over five years. Portfolio math shows five-year ROI at 111.04% and total cumulative return in cash at $107,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,174/mo property income against a $1,424/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Introducing 217 Lavender Lane in Elgin's premier community, Harvest Ridge! This new build home is alive with natural light throughout, including an open concept kitchen, dining, and living room with wood-look vinyl flooring. The kitchen features light brown cabinets with 42-inch uppers, a center island, and a gas range. Wind down in a primary bedroom with an ensuite bathroom with a walk-in shower, semi-private water closet, and walk-in closet.Enjoy other amazing features such as matching cabinets throughout with nickel hardware, raised bathroom vanities, and a tankless water heater. Harvest Ridge is designed for connection and convenience, featuring top-tier amenities like a resort-style pool, sports courts, fishing ponds, and a coffee bar. With the brand-new onsite elementary school now open and a full-time Lifestyle Director planning regular events, this new home in Elgin offers more than comfort-it offers a vibrant lifestyle.

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