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$242,475

3638 Morgan Bay St, El Paso, TX, 79936

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,444 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.21 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher, Disposal, Free-Standing Gas Oven, Microwave, Refrigerator
FlooringCeramic Tile, Carpet

Exterior

Private PoolPrivate Pool
Exterior FeaturesTennis Court(s)
Lot Size4,326 sqft

Building Information

Year Built2012
Roof Type104
Garage Spaces2

Land Information

APNL225-999-0220-0300
SubdivisionLas Palmas Condominiums
Land UseResidential
Legal Description22 LAS PALMAS CONDOMINIUMS #3 (4325.37 SQ FT) & 1/361% UND INT IN COMMON AREA
Census Tract010322
Assessed Land Value$33,356
Assessed Improvement Value$209,119
Assessment Year2025

About this property

Beautiful spacious home located in a planned gated community with swimming pool, tennis courts & playground. This home features 3 bedrooms, 2.5 baths, tiled family room with a beautifully designed fireplace and high ceiling. Open kitchen with granite countertops and stainless steel appliances. Nice backyard with covered patio and artificial grass. Small pets are negotiable with a non-refundable deposit per pet. (max 2).

Investor Tools

Property Icon
$242,475
Estimated Property Value
$145,000Estimated Mortgage Balance
$116,865Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,455 /month
Positive
Cash Flow Estimate:
$485 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$621/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,241
$242,475
2025
$33,356
$209,119
$242,475
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,241
$242,475

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Va
$145,000
Yes
First
Aug 13, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,610
$116,865
48%
52%
$870/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,620/mo
$870/mo
+$750/mo
8.0%

Learn About the Market: Opportunity in El Paso

Local Market Pages

Explore

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.

Explore Texas Explore This Area
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

Dynamic Permit Feed

City: El Paso

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3638 Morgan Bay St | Property Details | No Agent List