249 Mecca DrEl PasoTX79907
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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
Investment property for sale in El Paso at 249 Mecca Dr, El Paso, TX, 79907 uses $73,172 cash to close to unlock $2,709/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,795/mo, and a $1,080/mo payment keeps the spread at $226/mo. Purchase price stands at $220,729, and rental yield measures 9.76% with $1,795/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $60,983 over five years. Five-year ROI reaches 123.92% and total cumulative return in cash records $90,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,795/mo property income covering a $1,080/mo payment rather than investor’s personal income.
Single Family
Built in 1974
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79907, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,362 (100%) |
| Owner Occupied HU | 11,172 (57.7%) |
| Renter Occupied HU | 7,110 (36.7%) |
| Vacant Housing Units | 1,080 ( 5.6%) |
| Median Home Value | $147,579 |
| Average Home Value | $201,704 |
Housing Distribution
Address Breakdown
Residential
18,296
Single Family
17,120
Multi-Family
1,176
Businesses
1,097
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