Chappell Plan, Elm Creek: Stonehill Collection, Elgin, TX, 78621 | $510/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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Chappell Plan, Elm Creek: Stonehill Collection, Elgin, TX, 78621 | $510/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

Investment property for sale in Elgin at Chappell Plan, Elm Creek: Stonehill Collection, Elgin, TX, 78621 listed at $233,990 pairs $2,174/mo rent with a $1,145/mo payment to leave $510/mo cash flow. Total monthly income runs $2,174/mo, and annual cash flow reaches $6,124/yr on $77,568 cash to close. Return on cash invested measures 27.8% in year one, and rental yield registers 11.15% at a $233,990 basis. Equity gained on principal adds $1,510/yr, and annual property appreciation at 5% supports $64,647 by year five. Five-year ROI tracks 146.43% and total cumulative return in cash totals $113,579. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,174/mo property income relative to a $1,145/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

This single-level home opens into a shared living space 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