2308 Magoffin AveEl PasoTX79901
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2308 Magoffin Ave, El Paso, TX, 79901 in El Paso. Priced at $165,000, it generates $1,766/mo in gross rent and $593/mo in net monthly cash flow, a 12.85% yield that comfortably supports the 2.38 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,117. Five-year appreciation: $45,586. Equity from principal paydown: $1,520/yr. Total projected cumulative return: $101,414.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 5.8% |
| Monthly Cash Flow | $593 | $385 |
City averages based on El Paso market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,766 |
| Total Monthly Debt Service | $1,108 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1912
3,049 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
Single Family
Built in 1912
3,049 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