Elgin Plan, Highland VillageNomeTX77629
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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
Rental property for sale in Nome at Elgin Plan, Highland Village, Nome, TX, 77629 priced at $276,990 converts $0/mo rent into after a $1,356/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.84% in year one, and rental yield reads 0% against a $276,990 entry. Equity gained on principal adds $1,787/yr, while 5% annual appreciation compiles into $76,527 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,356/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77629, Nome, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 195 (100%) |
| Owner Occupied HU | 162 (83.1%) |
| Renter Occupied HU | 13 ( 6.7%) |
| Vacant Housing Units | 20 (10.3%) |
| Median Home Value | $282,692 |
| Average Home Value | $293,812 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
