Cornwall Plan, Elm Creek: Eventide Collection, Elgin, TX, 78621 | $283/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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Cornwall Plan, Elm Creek: Eventide Collection, Elgin, TX, 78621 | $283/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 Cornwall Plan, Elm Creek: Eventide Collection, Elgin, TX, 78621 offers $2,558/mo rent that, after a $1,566/mo payment, leaves $283/mo cash flow. Total monthly income is $2,558/mo, and annual cash flow is $3,392/yr on $106,077 cash. Return on cash invested measures 23.11% in year one, and rental yield stands at 9.59% at a $319,990 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,407 by year five. Five-year ROI records 121.2% and total cumulative return in cash reaches $128,568. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,558/mo property income versus a $1,566/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

The Eventide Collection brings new single-family homes to the Elm Creek masterplan in charming Elgin, TX. Residents will enjoy access to onsite amenities, including a sparkling swimming pool and modern clubhouse, along with convenient proximity to public transportation and major highways for simple commutes and travel to nearby Austin. Younger residents will attend desirable Elgin ISD schools.

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