8449 Independence DrEl 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
Rental property for sale in El Paso at 8449 Independence Dr, El Paso, TX, 79907 priced at $175,000 converts $1,944/mo rent into $699/mo cash flow after a $857/mo obligation. Total monthly income equals $1,944/mo, and annual cash flow totals $8,389/yr on $58,013 invested. Return on cash invested prints 34.37% in year one, and rental yield reads 13.33% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 181.67% and total cumulative return in cash sums $105,391. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,944/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1982
6,098 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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Listed by: Yasir Omar Einaudi • The Real Estate Power Houses
Mls Name: GEPAR
Mls Provider:
Mls ID: #907742
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.