477 Deserts DrSocorroTX79927
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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 Socorro at 477 Deserts Dr, Socorro, TX, 79927 uses $85,859 cash to close to unlock $2,615/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $2,060/mo, and a $1,268/mo payment keeps the spread at $218/mo. Purchase price stands at $259,000, and rental yield measures 9.54% with $2,060/mo rent. Return on cash invested shows 22.95% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 120.38% and total cumulative return in cash records $103,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,060/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79927, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,665 (100%) |
| Owner Occupied HU | 10,897 (74.3%) |
| Renter Occupied HU | 2,908 (19.8%) |
| Vacant Housing Units | 860 ( 5.9%) |
| Median Home Value | $176,739 |
| Average Home Value | $215,369 |
Housing Distribution
Address Breakdown
Residential
14,234
Single Family
14,082
Multi-Family
152
Businesses
711
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