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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% |
Investment property for sale in El Paso at 3031 Memphis Ave, El Paso, TX, 79930 offers a 6.03% rental yield on a $260,000 purchase with $1,306/mo rent. 34% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 63.51% and total cumulative return in cash at $54,737. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,306/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
6,098 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Brenda M Chavez Noris • Home Pros Real Estate Group
Mls Name: GEPAR
Mls ID: #924411
