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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 23553 Iron Lantern Way, Elgin, TX, 78621 offers a 9.66% rental yield on a $269,990 purchase with $2,174/mo rent. Total monthly income registers $2,174/mo, and a $1,321/mo payment leaves $210/mo available for distribution. Annual cash flow reaches $2,514/yr on $89,502 to close, and return on cash invested stands at 22.72% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,593 over five years. Portfolio math shows five-year ROI at 119.35% and total cumulative return in cash at $106,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,174/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,405 sqft lot
$N/A/sqft
$45 monthly 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 |
|---|---|---|
| 2025-04-29 | Listed for sale | $269,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kathryn Stredwick • First Texas Brokerage Company
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #4239984
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-04-29 14:46:40 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)
