324 McClendon DrElginTX78621
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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
Investment property for sale in Elgin at 324 McClendon Dr, Elgin, TX, 78621 uses $65,969 cash to close to unlock $6,347/yr annual cash flow and $529/mo monthly cash flow. Total monthly income runs $1,944/mo, and a $974/mo payment keeps the spread at $529/mo. Purchase price stands at $199,000, and rental yield measures 11.72% with $1,944/mo rent. Return on cash invested shows 29.53% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 155.63% and total cumulative return in cash records $102,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,944/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.26 Acres lot
$N/A/sqft
No 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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