6740 Morningside CirEl PasoTX79904
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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 6740 Morningside Cir, El Paso, TX, 79904 generates $2,300/mo in rent and, after a $1,463/mo payment, leaves $174/mo in cash flow. Total monthly income is $2,300/mo, and annual cash flow is $2,091/yr on $99,119 invested. Return on cash invested sits at 22.02% in year one, and rental yield is 9.23% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 115.4% and total cumulative return in cash sums $114,382. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,300/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79904, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,932 (100%) |
| Owner Occupied HU | 5,393 (41.7%) |
| Renter Occupied HU | 6,444 (49.8%) |
| Vacant Housing Units | 1,095 ( 8.5%) |
| Median Home Value | $163,469 |
| Average Home Value | $208,956 |
Housing Distribution
Address Breakdown
Residential
12,151
Single Family
11,938
Multi-Family
213
Businesses
585
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