Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
B+
NoAgentList RatingHow are grades calculated?Info
Days598Days on Market
Views1view

$220,000

605 Lafayette Dr, El Paso, TX, 79915

$243,600 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,318 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$94.91 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
FlooringTile, Laminate, Carpet, Hardwood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPlayground, Courtyard
Lot Size20,000 sqft

Building Information

Year Built1998
Stories1
Roof Type105

Land Information

APNL125-999-0030-5600
Lot Number48
SubdivisionLafayette Place
Land UseResidential
Legal Description3 LAFAYETTE PLACE LOT 48 (20000 SQ FT)
Census Tract004105
Assessed Land Value$36,400
Assessed Improvement Value$221,045
Assessment Year2025

About this property

Rare Find -- Nearly Half an Acre in the City! Don't miss this incredible opportunity to own a 3-bedroom, 2-bath home situated on approximately 0.46 acres with water rights--a lot this size is hard to come by within the city! One of the standout features is the shop located at the back of the property, complete with water and electricity, offering excellent possibilities for a workshop, hobby space, storage, or it could be improved on and turned into a habbitable space. Enjoy a spacious property without sacrificing convenience. Located approximately 4 minutes from I-10 and just 2 minutes from Yarbrough, this home provides quick access to major shopping centers, retail stores, restaurants, and everyday conveniences. With nearly half an acre, water rights, a shop, a convenient city location, and an incredible price, this property offers a unique combination of space, accessibility, and potential. Opportunities like this are hard to find--schedule your showing today!

Investor Tools

$0Estimated Mortgage Balance
$288,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$243,599
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

Interested in this property?

Daniel Lara

Capital Rentals

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$580/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,521
$257,445
2025
$36,400
$221,045
$257,445
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,521
$257,445

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$273,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,361/mo
N/A
+$1,361/mo
5.7%

Learn About the Market: Opportunity in El Paso

Local Market Pages
Local Market Pages 2Local Market Pages 3

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...