228 Lavender LnElginTX78621
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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 Elgin at 228 Lavender Ln, Elgin, TX, 78621 generates $2,174/mo in rent and, after a $1,407/mo payment, leaves $60/mo in cash flow. Total monthly income is $2,174/mo, and annual cash flow is $719/yr on $95,276 invested. Return on cash invested sits at 20.66% in year one, and rental yield is 9.08% on a $287,410 entry. Equity gained on principal adds $1,855/yr, while 5% annual appreciation builds toward $79,406 over five years. Five-year ROI reaches 108.41% and total cumulative return in cash sums $103,291. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,174/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
4,791 sqft lot
$N/A/sqft
$70 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,094
Single Family
10,748
Multi-Family
346
Businesses
658
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Listed by: Ben Caballero • HomesUSA.com
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #9023386
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-03-15 14:54:15 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)