314 Bendecido LoopElginTX78621
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 314 Bendecido Loop, Elgin, TX, 78621 generates $2,558/mo in rent and, after a $1,462/mo payment, leaves $381/mo in cash flow. Total monthly income is $2,558/mo, and annual cash flow is $4,571/yr on $99,019 invested. Return on cash invested sits at 24.52% in year one, and rental yield is 10.28% on a $298,700 entry. Equity gained on principal adds $1,927/yr, while 5% annual appreciation builds toward $82,525 over five years. Five-year ROI reaches 129.03% and total cumulative return in cash sums $127,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,558/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$53 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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