629 Elliott RdLondonTX76854
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 1.04% gross rental yield, 629 Elliott Rd, London, TX, 76854 in London is priced for capital growth, not immediate cash flow. The $1,771,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $489,295 by year five, with $16,311/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.19) qualifies for non-U.S. residents without personal income documents.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 1% | 6.2% |
| Monthly Cash Flow | $(11,057) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,537 |
| Total Monthly Debt Service | $11,889 |
| DSCR Ratio | 0.13x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1918
162 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76854, London, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 282 (100%) |
| Owner Occupied HU | 141 (50.0%) |
| Renter Occupied HU | 22 ( 7.8%) |
| Vacant Housing Units | 119 (42.2%) |
| Median Home Value | $120,703 |
| Average Home Value | $258,635 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
11
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
Single Family
Built in 1918
162 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76854, London, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 282 (100%) |
| Owner Occupied HU | 141 (50.0%) |
| Renter Occupied HU | 22 ( 7.8%) |
| Vacant Housing Units | 119 (42.2%) |
| Median Home Value | $120,703 |
| Average Home Value | $258,635 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices