3500 Alameda AveEl PasoTX79905
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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 3500 Alameda Ave, El Paso, TX, 79905 offers a 1.68% rental yield on a $775,000 purchase with $1,086/mo rent. 76% in year one. Equity gained on principal adds $5,001/yr while 5% annual appreciation supports $214,118 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,086/mo property income against a $3,793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1935
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79905, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,107 (100%) |
| Owner Occupied HU | 4,068 (44.7%) |
| Renter Occupied HU | 4,116 (45.2%) |
| Vacant Housing Units | 923 (10.1%) |
| Median Home Value | $116,067 |
| Average Home Value | $159,583 |
Housing Distribution
Address Breakdown
Residential
8,364
Single Family
7,480
Multi-Family
884
Businesses
1,062
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Listed by: Jack David Nagel • New Beginnings Realty- 2064
Mls Name: GEPAR
Mls Provider:
Mls ID: #898655
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 2024 the Greater El Paso Association of REALTORS, MLS Inc. All rights reserved.