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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in El Paso at 515 Gregory Ave, El Paso, TX, 79902 at $475,000 posts ROI 13.16% with from $2,492/mo rent. Total monthly income equals $2,492/mo. Return on cash invested measures 13.16% and rental yield reads 6.3% at the current $475,000. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 by year five. Five-year ROI prints 67.87% and total cumulative return in cash totals $106,867. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,492/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1931
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 79902, El Paso, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,387 (100%) |
| Owner Occupied HU | 3,471 (33.4%) |
| Renter Occupied HU | 5,785 (55.7%) |
| Vacant Housing Units | 1,131 (10.9%) |
| Median Home Value | $303,796 |
| Average Home Value | $328,055 |
Residential
9,858
Single Family
8,904
Multi-Family
954
Businesses
1,515
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Listed for sale | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $396,134 | 37.30% |
| 2023-02-13 | $4184.90 | -7.98% | $288,507 | 10.00% |
| 2022-02-13 | $4547.64 | 2.96% | $262,279 | 10.00% |
Listed by: Steve G Shapiro • Steve Shapiro, REALTOR
Mls Name: GEPAR
Mls Provider:
Mls ID: #910051
Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Listing data is deemed reliable but not guaranteed. Copyright 2025 the Greater El Paso Association of REALTORS, MLS Inc. All rights reserved.
