508 Castile AveEl 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
Investment property for sale in El Paso at 508 Castile Ave, El Paso, TX, 79912 uses $82,776 cash to close to unlock $6,042/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $2,279/mo, and a $1,222/mo payment keeps the spread at $504/mo. Purchase price stands at $249,700, and rental yield measures 10.95% with $2,279/mo rent. Return on cash invested shows 27.21% in year one, and 5% annual appreciation builds toward $68,988 over five years. Five-year ROI reaches 143.22% and total cumulative return in cash records $118,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,279/mo property income covering a $1,222/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,840 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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