257 Littig Rd, Elgin, TX, 78621 | Equity Gain $16,132/yr

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257 Littig Rd, Elgin, TX, 78621 | Equity Gain $16,132/yr | Ziffy

For Sale

Listed for sale today

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 257 Littig Rd, Elgin, TX, 78621 projects strong ROI of -3.11%. Rental yield 0.93%. With 5% annual appreciation, the property builds $690,704 in value over five years. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Single Family

Built in N/A

28.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this prime +/- 28.33-acre commercial development opportunity situated 16 miles from the Samsung Semiconductor Plant and approximately 23 miles from Austin Bergstrom Airport, Tesla Giga Plant, or Downtown Austin! Over 2000 feet of paved frontage along Littig Road and across the street from the Elgin Business Park and the Elgin city limits line! Parallel to Littig Rd is the Capital Metro railroad, and just north of this property will be the new connection of Roy Rivers Rd to high traffic Highway 290. Highway 290 runs between Austin and Houston! This is a land only sale, and the homes will be removed. Located inside the city of Elgin ETJ, this acreage benefits from electric service by both Oncor and Bluebonnet COOP electric. There's also Spectrum cable running overhead and water provided by AQUA Water Supply Corporation. AQUA has an easement in the north corner for a larger supply line. The line will be 18"to 24" and will supply some new development and also run back towards town. This larger line will be available on this property! There's a possible wastewater treatment plant in the works that is just south of this property off Elgin Road. With water, possible sewer plant coming, and two electric providers, this land is perfect for development! Currently ag exempt and with no known restrictions, this treasure offers a multitude of options including multifamily, industrial, or mobile home park!

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