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$199,000

224 Pacific Dr, El Paso, TX, 79922

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,310 Sq Ft
price_per_sqft$167.94 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesBuilt-In Gas Oven, Cooktop, Gas Cooktop, Microwave, Refrigerator, Vented Exhaust Fan
FlooringTile

Exterior

Exterior FeaturesGazebo
Lot Size5,996 sqft

Building Information

Year Built1960
Stories1
Roof Type105

Land Information

APNP013-999-0020-9300
Lot Number23
SubdivisionPacific Park
Land UseResidential
Legal Description2 PACIFIC PARK LOT 23
Census Tract001204
Assessed Land Value$25,909
Assessed Improvement Value$165,256
Assessment Year2025

About this property

Tucked away in the established Pacific Park neighborhood, this single-story gem offers a perfect blend of move-in readiness and functional versatility. The layout is thoughtfully designed including a cozy family room centered around a classic fireplace--the perfect spot for quiet El Paso evenings. The exterior is just as impressive, featuring a spacious, gated backyard that offers secure parking for an RV or trailer and right across the street from neighborhood park. For those who love to tinker or need extra organization, the sturdy workshop in the back is a standout addition. Whether you're looking for a solid starter home or a low-maintenance investment, this property delivers comfort and character in a quiet, accessible location.

Investor Tools

Property Icon
$199,000
Estimated Property Value
$100,000Estimated Mortgage Balance
$106,655Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$496/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,962
$191,165
2025
$25,909
$165,256
$191,165
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,962
$191,165

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kaplan Mortgage Company Llc
Commercial
$100,000
No
First
Apr 26, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,345
$106,655
53%
46%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,100/mo
$600/mo
+$500/mo
6.6%

Learn About the Market: Opportunity in El Paso

Local Market Pages

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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224 Pacific Dr | Property Details | No Agent List