1240 Texas Summer PlEl PasoTX79928
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 El Paso at 1240 Texas Summer Pl, El Paso, TX, 79928 priced at $280,950 converts $2,670/mo rent into $672/mo cash flow after a $1,375/mo obligation. Total monthly income equals $2,670/mo, and annual cash flow totals $8,067/yr on $93,135 invested. Return on cash invested prints 28.57% in year one, and rental yield reads 11.4% against a $280,950 entry. Equity gained on principal adds $1,813/yr, while 5% annual appreciation compiles into $77,621 by year five. Five-year ROI reaches 150.52% and total cumulative return in cash sums $140,191. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,670/mo property income covering a $1,375/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79928, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,805 (100%) |
| Owner Occupied HU | 24,286 (81.5%) |
| Renter Occupied HU | 3,857 (12.9%) |
| Vacant Housing Units | 1,662 ( 5.6%) |
| Median Home Value | $235,364 |
| Average Home Value | $255,668 |
Housing Distribution
Address Breakdown
Residential
29,615
Single Family
29,615
Multi-Family
0
Businesses
766
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Listed by: Octavio Duarte • SITE VISITS, LLC
Mls Name: GEPAR
Mls Provider:
Mls ID: #913782
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Listing data is deemed reliable but not guaranteed. Copyright 2024 the Greater El Paso Association of REALTORS, MLS Inc. All rights reserved.