North County Line RdElginTX78621
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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 North County Line Rd, Elgin, TX, 78621 priced at $259,000 pairs $2,160/mo rent with $318/mo cash flow after a $1,268/mo payment. Total monthly income equals $2,160/mo, and annual cash flow comes to $3,815/yr on $85,859 invested. Return on cash invested is 24.35% in year one, and rental yield stands at 10.01% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 127.89% and total cumulative return in cash reaches $109,804. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
5.73 Acres 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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