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$165,000

NAL Estimated Property Value

2308 Magoffin Ave, El Paso, TX, 79901

$185,057 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,744 Sq Ft
price_per_sqft$94.61 / sqft
Year BuiltBuilt in 1912

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
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

Property Icon
$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

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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%

City: El Paso

2308 Magoffin Ave | Property Details | No Agent List