Torres Plan, Homestead EstatesElginTX78621
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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 Torres Plan, Homestead Estates, Elgin, TX, 78621 priced at $373,900 pairs $3,010/mo rent with $322/mo cash flow after a $1,830/mo payment. Total monthly income equals $3,010/mo, and annual cash flow comes to $3,866/yr on $123,948 invested. Return on cash invested is 23.03% in year one, and rental yield stands at 9.66% on a $373,900 basis. Equity gained on principal adds $2,413/yr, and 5% annual appreciation accumulates to $103,302 by year five. Five-year ROI measures 120.9% and total cumulative return in cash reaches $149,849. For financing, Ziffy Mortgage’s DSCR program evaluates $3,010/mo property income against a $1,830/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
$29 monthly 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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