261 Columbia AveEl PasoTX79907
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
Investment Highlights
Rental property for sale in El Paso at 261 Columbia Ave, El Paso, TX, 79907 generates $2,590/mo in rent, after a $2,349/mo payment. Total monthly income is $2,590/mo. Return on cash invested sits at 13.7% in year one, and rental yield is 6.48% on a $479,999 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 70.76% and total cumulative return in cash sums $112,588. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,590/mo property income rather than buyer’s personal income.
Multi Family
Built in 1947
0.37 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices