293 Atlantic Rd #A & BEl PasoTX79922
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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 293 Atlantic Rd #A & B, El Paso, TX, 79922 offers $2,022/mo rent that, after a $2,344/mo payment. Total monthly income is $2,022/mo. Return on cash invested measures 9.45% in year one, and rental yield stands at 5.07% at a $479,000 entry. Equity gained on principal adds $3,091/yr while 5% annual appreciation compounds into $132,339 by year five. Five-year ROI records 47.99% and total cumulative return in cash reaches $76,203. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,022/mo property income versus a $2,344/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1986
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79922, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,156 (100%) |
| Owner Occupied HU | 2,471 (78.3%) |
| Renter Occupied HU | 434 (13.8%) |
| Vacant Housing Units | 251 ( 8.0%) |
| Median Home Value | $362,739 |
| Average Home Value | $397,151 |
Housing Distribution
Address Breakdown
Residential
2,894
Single Family
2,894
Multi-Family
0
Businesses
307
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