421 S Festival 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 421 S Festival Dr, El Paso, TX, 79912 priced at $658,000 converts $3,206/mo rent into after a $3,221/mo obligation. Total monthly income equals $3,206/mo. Return on cash invested prints 11.89% in year one, and rental yield reads 5.85% against a $658,000 entry. Equity gained on principal adds $4,246/yr, while 5% annual appreciation compiles into $181,793 by year five. Five-year ROI reaches 61.04% and total cumulative return in cash sums $132,149. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,206/mo property income covering a $3,221/mo payment, not borrower’s personal income.
Single Family
Built in 2017
5,662 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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