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$1,825

2348 Mermaid Dr, El Paso, TX, 79936

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,785 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.02 / sqft
Year BuiltBuilt in 1978

About this property

Minutes from Hanks High School, this 3-bedroom tri-level home features mature trees in the front yard and REFRIGERATED AC. Ample natural light invites you into the living room and open dining area, with a fully equipped kitchen and breakfast area. A fireside den is on the lower level, with a half bath for guest use and access to the laundry area and garage. Upstairs are two bedrooms, a shared bathroom, and the primary suite with a 3/4 en-suite. Outdoors, enjoy a covered patio in the spacious backyard. Please verify schools. We can only work with a two week move in time frame/hold period. Rental price includes enrollment in a residence benefits packaging of $30 a month. To schedule a showing please see Confidential Remarks.

Investor Tools

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$256,000
Estimated Property Value
$25,000Estimated Mortgage Balance
$244,131Estimated Equity
90% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,536 /month
Positive
Cash Flow Estimate:
$512 /month

Interested in this property?

Lisa Swiger

Northern Pass Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$381/month
No HOA
5.947%

Learn About the Market: Opportunity in El Paso

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El Paso

El Paso is one of Texas’ most unique housing markets, combining affordability, military employment, international trade, and a strong regional identity. Located on the U.S.–Mexico border, the city serves as a major center for logistics, healthcare, education, manufacturing, and defense-related industries.

The city’s housing market is supported by the presence of Fort Bliss, one of the largest military installations in the United States. Compared to many other Texas metros, El Paso offers relatively affordable homeownership opportunities while maintaining stable demand from local residents, military personnel, and investors.

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Population Growth

Population Growth

0.6%

Net Migration

Net Migration

Stable

Median Home Price

Median Home Price

$184,500

Unemployment Rate

Unemployment Rate

4.0%

Price Trend

Price Trend

+1.6% YoY

New Permits

New Permits

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City: El Paso

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2348 Mermaid Dr | Property Details | No Agent List