7601 Enchanted Ridge DrEl PasoTX79911
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
Investment property for sale in El Paso at 7601 Enchanted Ridge Dr, El Paso, TX, 79911 listed at $452,950 pairs $2,800/mo rent with a $2,217/mo payment. Total monthly income runs $2,800/mo. Return on cash invested measures 16.54% in year one, and rental yield registers 7.42% at a $452,950 basis. Equity gained on principal adds $2,923/yr, and annual property appreciation at 5% supports $125,142 by year five. Five-year ROI tracks 85.99% and total cumulative return in cash totals $129,116. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,800/mo property income relative to a $2,217/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79911, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,934 (100%) |
| Owner Occupied HU | 2,906 (73.9%) |
| Renter Occupied HU | 821 (20.9%) |
| Vacant Housing Units | 207 ( 5.3%) |
| Median Home Value | $317,238 |
| Average Home Value | $346,446 |
Housing Distribution
Address Breakdown
Residential
3,851
Single Family
3,392
Multi-Family
459
Businesses
44
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Nearby investment properties with comparable prices
Listed by: Daniel Guy Dovenbarger • Home Pros Real Estate Group
Mls Name: GEPAR
Mls Provider:
Mls ID: #893349
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.