$165,000
NAL Estimated Property Value2308 Magoffin Ave, El Paso, TX, 79901
$185,057 ARV
Off Market
Property Lead Type:
Absentee Owner
Highlights
Interior
AppliancesSee Remarks
FlooringTile, Laminate
Exterior
Exterior FeaturesBack Yard Access
Lot Size3,000 sqft
Building Information
Year Built1912
Stories1
Roof Type106
Land Information
APNB202-999-0250-1100
Lot Number12
SubdivisionA Bassett
Land UseResidential
Legal Description25 BASSETT LOT 12 (3000 SQ FT)
Census Tract002800
Assessed Land Value$16,476
Assessed Improvement Value$137,559
Assessment Year2025
About this property
This charming older home offers incredible potential as an investment property. Located just minutes from downtown El Paso with easy access to the Border Highway, this property combines convenience with opportunity. Featuring a brick exterior, decorative wrought-iron window bars, and a spacious interior layout, it's ready for your vision. The home includes a mirrored closet and tiled floors, making it a solid foundation for updates or a personal touch. Don't miss the chance to capitalize on this ideally situated property!
Investor Tools
$165,000
Estimated Property Value
$153,519Estimated Mortgage Balance
$11,481Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$185,057
Rent-to-Value Ratio: 0.72%
Rent Estimate
$990 /month
Positive
Cash Flow Estimate:
$330 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,998
$154,035
2025
$16,476
$137,559
$154,035
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,998
$154,035
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$156,750
No
First
Mar 6, 2025
Apr 2055
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$153,519
$11,481
6%
93%
$940/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,361/mo
$940/mo
+$421/mo
9.9%
