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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% |
Rental property for sale in El Paso at 3204 Memphis Ave, El Paso, TX, 79930 generates $2,224/mo in rent and, after a $1,248/mo payment, leaves $226/mo in cash flow. Total monthly income is $2,224/mo, and annual cash flow is $2,713/yr on $84,533 invested. Return on cash invested sits at 23.12% in year one, and rental yield is 10.47% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 122.26% and total cumulative return in cash sums $103,352. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,224/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
5,227 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 |
|---|---|---|
| 2025-08-29 | Listed for sale | $255,000 |
| 2025-08-25 | Listing removed | N/A |
| 2025-07-02 | Listed for sale | $279,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $6448.57 | 0.28% | $248,429 | 6.87% |
| 2023-10-08 | $6430.38 | 97.42% | $232,460 | 111.26% |
| 2022-10-08 | $3257.21 | 19.72% | $110,035 | 26.37% |
Listed by: Fernando Valenzuela • 1st Choice Realty
Mls Name: GEPAR
Mls Provider:
Mls ID: #929344
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Listing data is deemed reliable but not guaranteed. Copyright 2025 the Greater El Paso Association of REALTORS, MLS Inc. All rights reserved.
