3021 Monroe AveEl PasoTX79930
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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 3021 Monroe Ave, El Paso, TX, 79930 uses $74,588 cash to close to unlock $1,299/yr annual cash flow and $108/mo monthly cash flow. Total monthly income runs $1,708/mo, and a $1,101/mo payment keeps the spread at $108/mo. Purchase price stands at $225,000, and rental yield measures 9.11% with $1,708/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 113.45% and total cumulative return in cash records $84,621. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,708/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79930, El Paso, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,157
Single Family
10,151
Multi-Family
6
Businesses
406
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