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$322,000

NAL Estimated Property Value

805 Mormon Tea Dr, El Paso, TX, 79927

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,069 Sq Ft
Single Family ResidenceSingle Family Residence
Year BuiltBuilt in 2022

Property Lead Type:

BankruptcyAuctionPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Water Heater, Free-Standing Gas Oven, Microwave, Refrigerator, Washer
FlooringCeramic Tile, Carpet

Exterior

Lot Size8,072 sqft

Building Information

Year Built2022
Roof Type105
Garage Spaces2

Land Information

APNE079-002-0220-1000
Lot Number10
SubdivisionEastlake Valley #2 Amending
Land UseResidential
Legal DescriptionBLK 22 EASTLAKE VALLEY #2 AMENDING LOT 10
Census Tract010346
Assessed Land Value$42,539
Assessed Improvement Value$279,461
Assessment Year2025

About this property

Now available! This like-new, barely lived-in modern farmhouse was built in 2022 by Palo Verde Homes. It offers 4 bedrooms, 2.5 baths, and 2,069 sq ft of stylish living space on a .19-acre lot with ample parking, including space for an RV. The open layout features wood-look tile floors, high ceilings, and a striking floor-to-ceiling stone fireplace with a rustic wood mantel. The kitchen boasts quartz countertops, a large island, stainless steel appliances, a farmhouse sink, and a beautiful herringbone backsplash. The private primary suite includes a huge walk-in closet, spa-like bath with dual vanities, a soaking tub, and a large walk-in shower with bench. Additional upgrades include plantation shutters, matte black hardware, a beautifully tiled laundry room, and a covered back patio. Energy-efficient solar panels help keep electric bills low. Ideally located near Amazon, Eastlake Marketplace, restaurants, with quick access to Loop 375 and I-10. Move-in ready, schedule your showing today!

Investor Tools

Property Icon
$322,000
Estimated Property Value
$289,193Estimated Mortgage Balance
$32,807Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,932 /month
Positive
Cash Flow Estimate:
$644 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$936/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,625
$322,000
2025
$42,539
$279,461
$322,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,625
$322,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sun West Mortgage Company Inc
Fha
$309,244
Yes
First
Nov 14, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,193
$32,807
10%
90%
$1,855/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,664/mo
$1,855/mo
$-191/mo
6.2%

Learn About the Market: Opportunity in El Paso

Local Market Pages
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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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