2724 Mike Price DrEl PasoTX79938
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
Investment property for sale in El Paso at 2724 Mike Price Dr, El Paso, TX, 79938 offers a 9.48% rental yield on a $339,000 purchase with $2,678/mo rent. Total monthly income registers $2,678/mo, and a $1,659/mo payment leaves $268/mo available for distribution. Annual cash flow reaches $3,211/yr on $112,379 to close, and return on cash invested stands at 22.77% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 119.39% and total cumulative return in cash at $134,164. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,678/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices