1644 Lomaland Dr APT 144El PasoTX79935
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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
Investment property for sale in El Paso at 1644 Lomaland Dr APT 144, El Paso, TX, 79935 offers a 12.2% rental yield on a $159,900 purchase with $1,626/mo rent. Total monthly income registers $1,626/mo, and a $783/mo payment leaves $47/mo available for distribution. Annual cash flow reaches $566/yr on $53,007 to close, and return on cash invested stands at 20.98% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 113.5% and total cumulative return in cash at $60,162. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,626/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
7.32 Acres lot
$N/A/sqft
$379 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79935, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,509 (100%) |
| Owner Occupied HU | 3,770 (50.2%) |
| Renter Occupied HU | 3,389 (45.1%) |
| Vacant Housing Units | 350 ( 4.7%) |
| Median Home Value | $226,604 |
| Average Home Value | $237,914 |
Housing Distribution
Address Breakdown
Residential
7,004
Single Family
6,394
Multi-Family
610
Businesses
773
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Nearby investment properties with comparable prices
Listed by: Rosana Gutierrez • Golden Real Estate
Mls Name: GEPAR
Mls Provider:
Mls ID: #910301
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.