Avas Plan, Elm Creek: Stonehill Collection, Elgin, TX, 78621 | $403/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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Avas Plan, Elm Creek: Stonehill Collection, Elgin, TX, 78621 | $403/mo Cash Flow | Ziffy

For Sale

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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

Rental property for sale in Elgin at Avas Plan, Elm Creek: Stonehill Collection, Elgin, TX, 78621 offers $2,174/mo rent that, after a $1,219/mo payment, leaves $403/mo cash flow. Total monthly income is $2,174/mo, and annual cash flow is $4,837/yr on $82,540 cash. Return on cash invested measures 25.77% in year one, and rental yield stands at 10.48% at a $248,990 entry. Equity gained on principal adds $1,607/yr while 5% annual appreciation compounds into $68,791 by year five. Five-year ROI records 135.53% and total cumulative return in cash reaches $111,869. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,174/mo property income versus a $1,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner's suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are two secondary bedrooms at the front of the home, which are comfortable spaces for household members and overnight guests.

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