2488 Tierra Rica WayEl PasoTX79938
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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 El Paso at 2488 Tierra Rica Way, El Paso, TX, 79938 priced at $190,000 converts $1,888/mo rent into $372/mo cash flow after a $930/mo obligation. Total monthly income equals $1,888/mo, and annual cash flow totals $4,460/yr on $62,985 invested. Return on cash invested prints 26.99% in year one, and rental yield reads 11.92% against a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation compiles into $52,494 by year five. Five-year ROI reaches 143.18% and total cumulative return in cash sums $90,180. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,888/mo property income covering a $930/mo payment, not borrower’s personal income.
Single Family
Built in 2002
5,161 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79938, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,205 (100%) |
| Owner Occupied HU | 23,881 (74.2%) |
| Renter Occupied HU | 6,916 (21.5%) |
| Vacant Housing Units | 1,408 ( 4.4%) |
| Median Home Value | $229,513 |
| Average Home Value | $242,428 |
Housing Distribution
Address Breakdown
Residential
31,696
Single Family
31,282
Multi-Family
414
Businesses
1,102
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Listed by: Steven Tran • The Sears Group
Mls Name: HAR
Mls Provider:
Mls ID: #8415709
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