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$385,000

1316 Backus St, El Paso, TX, 79925

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,002 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.31 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesSee Remarks
FlooringTile, Carpet

Exterior

Exterior FeaturesWalled Backyard, Back Yard Access
Lot Size8,163 sqft

Building Information

Year Built1969
Stories1
Roof Type105
Garage Spaces1

Land Information

APNC518-999-1460-2900
Lot Number15
SubdivisionUnnumbered Cielo Vista Park #Cc
Land UseResidential
Legal Description146 CIELO VISTA PARK #CC LOT 15 (8163 SQ FT)
Census Tract003404
Assessed Land Value$46,643
Assessed Improvement Value$231,601
Assessment Year2025

About this property

Beautifully UPDATED HOME that feels LIKE NEW 4-Bedrooms + Flexible Bonus Room | 3 Bathrooms Amazing open-concept with lots of natural light. The spacious common area features recessed lighting, brand-new lighting fixtures, and ceiling fans in every room. Ceramic tile, new double-pane windows, a cozy fireplace, and refrigerated air The beautifully renovated bathrooms offer a fresh, modern feel, while the gorgeous kitchen is sure to impress with elegant quartz countertops and brand-new SMART stainless-steel appliances. One of the home's most versatile features is the additional room with its own independent entrance. Use it as a guest bedroom, home office, art studio, gym, or explore its potential as a rental-income space. The possibilities are endless! The property also offers lots of convenient parking space in the front, providing plenty of room for multiple vehicles--perfect for homeowners who need extra parking for family& friends. And the location is unbeatable!!

Investor Tools

$136,540Estimated Mortgage Balance
$68,092Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

Interested in this property?

Lisa Ramos

ERA Sellers & Buyers Real Esta

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$323/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,485
$278,244
2025
$46,643
$231,601
$278,244
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,485
$278,244

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Financial Freedom Senior Funding Corp
Reverse Mortgage / Hecm
$237,000
No
First
Nov 7, 2006
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$136,540
$141,704
50%
49%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,590/mo
$1,499/mo
+$91/mo
6.9%

City: El Paso

1316 Backus St | Property Details | No Agent List