NoAgentList RatingHow are grades calculated?

293Days on Market

1view

$369,000

640 Stewart Ct Ste Wart, El Paso, TX, 79902

On Market

2 Beds

2 Bath

1,215 Sq Ft

Single Family Residence

$303.7 / sqft

Built in 1930

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Bathrooms Half 1

Heating Forced Air Unit

Cooling

AppliancesDishwasher, Free-Standing Gas Oven, Microwave, Refrigerator

FlooringTile, Laminate, Carpet

Exterior

Lot Size4,313 sqft

Building Information

Year Built1930

Stories1

Roof Type105

Land Information

APNS979-999-0120-7000

SubdivisionSunset Heights

Land UseResidential

Legal Description12 SUNSET HEIGHTS 40 & E 1/2 OF 39 (4313 SQ FT)

Census Tract001600

Assessed Land Value$48,619

Assessed Improvement Value$150,153

Assessment Year2025

About this property

Cash Only or Owner May Carry! Charming Casita in Sunset Heights - .8 Miles from UTEP & 1 Mile to Major Hospitals! Updated 2-bedroom, 2-bath home located in the desirable Sunset Heights subdivision, within walking distance to UTEP (approx. 12 minutes) and close to major hospitals. Ideal for students, medical professionals, or investors. Property features refrigerated air, landscaped front and backyard, covered pergola, 2-car rear carport, and additional storage unit. Currently operating as a successful short-term rental with consistent occupancy and upcoming summer reservations in place--excellent turnkey investment opportunity. Financing available. Owner may carry with 20% down.

Investor Tools

$180,469Estimated Mortgage Balance

$184,531Estimated Equity

50% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,214 /month

Positive

Cash Flow Estimate:

$738 /month

Interested in this property?

Mariel Garcia

Tru Realty Group

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$566/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,965

$198,772

2025

$48,619

$150,153

$198,772

Tax History

Year

Tax Paid

Assessed Value

2024

$4,965

$198,772

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First American Bank

Open End Mortgage / Open End With Future Advance Clause

$187,500

First

Apr 2, 2024

Mar 2029

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$180,469

$184,531

50%

49%

$1,125/mo

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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