8308 Vance PlEl PasoTX79907
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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 8308 Vance Pl, El Paso, TX, 79907 uses $56,355 cash to close to unlock $5,570/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $1,673/mo, and a $832/mo payment keeps the spread at $464/mo. Purchase price stands at $170,000, and rental yield measures 11.81% with $1,673/mo rent. Return on cash invested shows 29.79% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 157.14% and total cumulative return in cash records $88,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,673/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79907, El Paso, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,362 (100%) |
| Owner Occupied HU | 11,172 (57.7%) |
| Renter Occupied HU | 7,110 (36.7%) |
| Vacant Housing Units | 1,080 ( 5.6%) |
| Median Home Value | $147,579 |
| Average Home Value | $201,704 |
Housing Distribution
Address Breakdown
Residential
18,296
Single Family
17,120
Multi-Family
1,176
Businesses
1,097
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