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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% |
Rental property for sale in Elgin at 223 Lavender Ln, Elgin, TX, 78621 offers $2,174/mo rent that, after a $1,333/mo payment, leaves $237/mo cash flow. Total monthly income is $2,174/mo, and annual cash flow is $2,849/yr on $90,267 cash. Return on cash invested measures 23.06% in year one, and rental yield stands at 9.58% at a $272,300 entry. Equity gained on principal adds $1,757/yr while 5% annual appreciation compounds into $75,231 by year five. Five-year ROI records 121% and total cumulative return in cash reaches $109,227. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,174/mo property income versus a $1,333/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,098 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ben Caballero • HomesUSA.com
Mls Name: Unlock MLS
Mls ID: #6318767
