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$275,000

NAL Estimated Property Value

3985 Krag St, El Paso, TX, 79938

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths1 Bath
Baths1,604 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.06 / sqft
Year BuiltBuilt in 1984

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size14,810 sqft

Building Information

Year Built1984
Stories1
Roof Type105

Land Information

APNH753-004-0160-0700
Lot Number7
SubdivisionHomestead Meadows South #1
Land UseResidential
Legal Description16 HOMESTEAD MEADOWS SOUTH #4 LOT 7 (14810.40 SQ FT)
Census Tract010365
Assessed Land Value$20,769
Assessed Improvement Value$121,026
Assessment Year2025

About this property

This is a great property with excellent potential. Because it is located in the county, it is not subject to zoning restrictions. While the house is configured with three bedrooms and 2 bathrooms, it is currently being used as a real estate office. It features a large living and dining area, a well-sized kitchen, and a large adjacent room that was added but never completed. This additional space serves as an excellent storage area or could be converted into a large family den. The lot spans over a third of an acre and provides ample space in the rear for parking trucks or storing equipment. This site is ideally suited for a landscaping business or a small construction company, offering plenty of office space up front and functional space in the back. Additionally, there is an outbuilding with a dirt floor for extra storage. Please let me know if you would like more information or to schedule a viewing.

Investor Tools

Property Icon
$275,000
Estimated Property Value
$54,129Estimated Mortgage Balance
$220,871Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$339/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,696
$141,795
2025
$20,769
$121,026
$141,795
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,696
$141,795

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gecu
Conventional
$64,800
No
First
Apr 27, 2018
May 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$54,129
$220,871
80%
20%
$389/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,700/mo
$389/mo
+$1,311/mo
7.4%

City: El Paso

3985 Krag St | Property Details | No Agent List