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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in El Paso at 2508 Wheeling Ave, El Paso, TX, 79930 priced at $259,950 converts $2,546/mo rent into $698/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,546/mo, and annual cash flow totals $8,373/yr on $86,173 invested. Return on cash invested prints 29.63% in year one, and rental yield reads 11.75% against a $259,950 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,819 by year five. Five-year ROI reaches 156.16% and total cumulative return in cash sums $134,570. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,546/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1913
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 79930, El Paso, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,260 (100%) |
| Owner Occupied HU | 5,092 (45.2%) |
| Renter Occupied HU | 5,064 (45.0%) |
| Vacant Housing Units | 1,104 ( 9.8%) |
| Median Home Value | $168,584 |
| Average Home Value | $200,479 |
Residential
10,157
Single Family
10,151
Multi-Family
6
Businesses
406
Date | Event | Price |
|---|---|---|
| 2024-08-14 | Listed for sale | $259,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $2910.54 | 1.36% | $105,217 | 8.47% |
| 2022-08-16 | $2871.49 | 44.05% | $97,005 | 26.25% |
| 2021-08-16 | $1993.42 | -14.94% | $76,837 | -12.54% |
Listed by: Joe Meza • Apple Realty Company
Mls Name: GEPAR
Mls Provider:
Mls ID: #906877
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.
