615 Blanchard AveEl PasoTX79902
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 615 Blanchard Ave, El Paso, TX, 79902 generates $3,523/mo in rent and, after a $2,251/mo payment, leaves $252/mo in cash flow. Total monthly income is $3,523/mo, and annual cash flow is $3,029/yr on $152,473 invested. Return on cash invested sits at 21.9% in year one, and rental yield is 9.19% on a $459,950 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,076 over five years. Five-year ROI reaches 114.71% and total cumulative return in cash sums $174,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,523/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79902, El Paso, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,858
Single Family
8,904
Multi-Family
954
Businesses
1,515
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Nearby investment properties with comparable prices
Listed by: Michelle Mata • Premier Real Estate, LLC
Mls Name: GEPAR
Mls Provider:
Mls ID: #906193
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 2024 the Greater El Paso Association of REALTORS, MLS Inc. All rights reserved.