Rio Plan, Elm Creek: Eventide Collection, Elgin, TX, 78621 | 8.47% Rental Yield

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Rio Plan, Elm Creek: Eventide Collection, Elgin, TX, 78621 | 8.47% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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 Rio Plan, Elm Creek: Eventide Collection, Elgin, TX, 78621 priced at $307,990 converts $2,174/mo rent into after a $1,507/mo obligation. Total monthly income equals $2,174/mo. Return on cash invested prints 19.72% in year one, and rental yield reads 8.47% against a $307,990 entry. Equity gained on principal adds $1,987/yr, while 5% annual appreciation compiles into $85,092 by year five. Five-year ROI reaches 103.09% and total cumulative return in cash sums $105,252. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,174/mo property income covering a $1,507/mo payment, not borrower’s personal income.

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