Harvest Ridge 1105 Plan, Harvest RidgeElginTX78621
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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 Elgin at Harvest Ridge 1105 Plan, Harvest Ridge, Elgin, TX, 78621 offers $1,552/mo rent that, after a $979/mo payment, leaves $130/mo cash flow. Total monthly income is $1,552/mo, and annual cash flow is $1,556/yr on $66,297 cash. Return on cash invested measures 22.26% in year one, and rental yield stands at 9.31% at a $199,990 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,254 by year five. Five-year ROI records 116.66% and total cumulative return in cash reaches $77,345. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,552/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,094
Single Family
10,748
Multi-Family
346
Businesses
658
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