409 Ridgemont DrEl PasoTX79912
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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
Rental property for sale in El Paso at 409 Ridgemont Dr, El Paso, TX, 79912 priced at $222,700 pairs $1,940/mo rent with $356/mo cash flow after a $1,090/mo payment. Total monthly income equals $1,940/mo, and annual cash flow comes to $4,276/yr on $73,825 invested. Return on cash invested is 25.7% in year one, and rental yield stands at 10.45% on a $222,700 basis. Equity gained on principal adds $1,437/yr, and 5% annual appreciation accumulates to $61,528 by year five. Five-year ROI measures 135.15% and total cumulative return in cash reaches $99,775. For financing, Ziffy Mortgage’s DSCR program evaluates $1,940/mo property income against a $1,090/mo payment instead of your W2s, 1099s, or Tax returns.
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
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