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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elgin at 222 Fm 696, Elgin, TX, 78621 listed at $1,500,000 pairs $2,288/mo rent with a $7,342/mo payment. Total monthly income runs $2,288/mo. Return on cash invested measures -0.32% in year one, and rental yield registers 1.83% at a $1,500,000 basis. Equity gained on principal adds $9,679/yr, and annual property appreciation at 5% supports $414,422 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,288/mo property income relative to a $7,342/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2014
10.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78621, Elgin, TX area.
| 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 |
Residential
11,094
Single Family
10,748
Multi-Family
346
Businesses
658
Date | Event | Price |
|---|---|---|
| 2025-03-18 | Listed for sale | $1,500,000 |
| 2011-09-19 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-18 | $541.68 | 20.56% | $438,098 | 1.12% |
| 2023-03-18 | $449.32 | -35.32% | $433,251 | -7.29% |
| 2022-03-18 | $694.68 | -6.76% | $467,322 | 44.48% |
Listed by: Kizzy Simmons • LPT Realty
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #1888812
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-03-18 05:54:00 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#27)
