2219 Magoffin AveEl PasoTX79901
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 2219 Magoffin Ave, El Paso, TX, 79901 in El Paso. Rental yield 2.13%. At $480,000 with 2.13% gross yield, current distributions are modest, but the 5% appreciation rate projects $132,615 in new equity by year five, complemented by $4,421/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.40) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $19,199.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.1% | 5.8% |
| Monthly Cash Flow | $(2,560) | $385 |
City averages based on El Paso market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $853 |
| Total Monthly Debt Service | $3,222 |
| DSCR Ratio | 0.26x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1912
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79901, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,053 (100%) |
| Owner Occupied HU | 517 (10.2%) |
| Renter Occupied HU | 3,751 (74.2%) |
| Vacant Housing Units | 785 (15.5%) |
| Median Home Value | $117,708 |
| Average Home Value | $250,722 |
Housing Distribution
Address Breakdown
Residential
4,722
Single Family
3,640
Multi-Family
1,082
Businesses
1,802
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
Multi Family
Built in 1912
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79901, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,053 (100%) |
| Owner Occupied HU | 517 (10.2%) |
| Renter Occupied HU | 3,751 (74.2%) |
| Vacant Housing Units | 785 (15.5%) |
| Median Home Value | $117,708 |
| Average Home Value | $250,722 |
Housing Distribution
Address Breakdown
Residential
4,722
Single Family
3,640
Multi-Family
1,082
Businesses
1,802
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices