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$288,000

8708 Magnetic St, El Paso, TX, 79904

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.14 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesGas Cooktop, Microwave, Refrigerator, Tankless Water Heater
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesCourtyard
Lot Size10,385 sqft

Building Information

Year Built1980
Stories1
Roof Type183
Garage Spaces2

Land Information

APNP324-999-0300-1300
Lot Number541
SubdivisionPark Foothills
Land UseResidential
Legal Description30 PARK FOOTHILLS LOT 541 (10385 SQ FT)
Census Tract000401
Assessed Land Value$54,130
Assessed Improvement Value$209,861
Assessment Year2025

About this property

Welcome to 8708 Magnetic Street, a beautifully updated home in the established Northeast area of El Paso, TX 79904! Offering 3 bedrooms, 2 baths, and approximately 2,100 sq ft, this home also features a permitted garage conversion with mini split, closet, and flexible use as a potential 4th bedroom, office, or game room. Inside, enjoy all-tile flooring, an updated kitchen, and renovated bathrooms, including a fully rebuilt hall bathroom backed by a lifetime warranty. Pride of ownership shines through with thousands invested in major upgrades, including roof improvements, tankless water heater, upgraded interior polyurethane sewer piping with an estimated 50+ year lifespan, and storage shed. Situated on a 10,000 sq ft lot, enjoy a heated in-ground pool, large covered patio, spacious backyard, and stunning mountain views. Endless possibilities await!

Investor Tools

$0Estimated Mortgage Balance
$296,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month

Interested in this property?

Jackie Stevens

REAL Broker LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$445/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$263,991
2025
$54,130
$209,861
$263,991
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$263,991

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Pioneer Svgs Bank Fsb
Fha
$76,232
Yes
First
N/A
Aug 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$296,000
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
5.5%

City: El Paso