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$254,126

3088 Red Velvet Pl, El Paso, TX, 79938

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,593 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.33 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Free-Standing Electric Oven, Microwave, Refrigerator, Washer
FlooringCarpet, Tile

Exterior

Lot Size5,272 sqft

Building Information

Year Built2017
Roof Type106
Garage Spaces2

Land Information

APNV639-999-0470-5300
Lot Number53
SubdivisionVentanas #8
Land UseResidential
Legal DescriptionBLK 47 VENTANAS #8 LOT 53
Census Tract010368
Assessed Land Value$32,106
Assessed Improvement Value$222,020
Assessment Year2025

About this property

Walk into this exquisitely designed 4-bedroom, 3-bathroom home, where contemporary style meets seamless functionality. The open floor plan enhances natural flow, effortlessly connecting the modern kitchen to the inviting common areas, all adorned with sleek tile flooring. The kitchen is a chef's delight, boasting premium stainless steel appliances, a spacious island for meal prep and casual dining, and elegant pendant lighting that adds warmth and character. The master suite is a serene retreat, featuring a spa-like 5-piece bath with a deep soaking tub, separate glass-enclosed shower, dual vanity, and a generous walk-in closet. Thoughtfully designed xeriscape landscaping enhances curb appeal while ensuring a low-maintenance lifestyle. Enjoy the privacy of a tranquil backyard, complete with a cozy patio and no rear neighbors. Conveniently located near top-rated schools, parks, shopping, and public transit for everyday ease. Deposit-Free Renting service to Obligo qualified renters, fees may apply.

Investor Tools

Property Icon
$254,126
Estimated Property Value
$171,855Estimated Mortgage Balance
$103,647Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,525 /month
Positive
Cash Flow Estimate:
$508 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$651/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,541
$254,126
2025
$32,106
$222,020
$254,126
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,541
$254,126

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Broker Solutions Inc
Va
$171,855
Yes
First
Jan 29, 2020
Feb 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$150,479
$103,647
40%
59%
$1,031/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,031/mo
+$1,049/mo
9.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: El Paso

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3088 Red Velvet Pl | Property Details | No Agent List