409 Ridgemont DrEl PasoTX79912
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow409 Ridgemont Dr, El Paso, TX, 79912 in El Paso is a solid income-producing rental, 10.46% gross yield, $1,940/mo rent, $357/mo net cash flow on a $222,700 buy. DSCR 1.94 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $61,528 and $2,051/yr in principal reduction project a total cumulative return of $108,325.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.8% |
| Monthly Cash Flow | $357 | $385 |
City averages based on El Paso market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,940 |
| Total Monthly Debt Service | $1,495 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79912, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,534 (100%) |
| Owner Occupied HU | 17,354 (51.8%) |
| Renter Occupied HU | 13,848 (41.3%) |
| Vacant Housing Units | 2,332 ( 7.0%) |
| Median Home Value | $272,528 |
| Average Home Value | $315,218 |
Housing Distribution
Address Breakdown
Residential
32,803
Single Family
27,217
Multi-Family
5,586
Businesses
2,186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1959
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79912, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,534 (100%) |
| Owner Occupied HU | 17,354 (51.8%) |
| Renter Occupied HU | 13,848 (41.3%) |
| Vacant Housing Units | 2,332 ( 7.0%) |
| Median Home Value | $272,528 |
| Average Home Value | $315,218 |
Housing Distribution
Address Breakdown
Residential
32,803
Single Family
27,217
Multi-Family
5,586
Businesses
2,186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices