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$232,000

3320 Tierra Nevada Dr, El Paso, TX, 79938

Under ContractInfo
Beds4 Beds
Baths2 Bath
Baths1,600 Sq Ft
price_per_sqft$145 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher, Free-Standing Gas Oven, Refrigerator
FlooringTile

Exterior

Exterior FeaturesWalled Backyard
Lot Size5,830 sqft

Building Information

Year Built2003
Stories1
Roof Type105
Garage Spaces2

Land Information

APNT287-999-0850-0900
SubdivisionTierra Del Este Unit 16
Land UseResidential
Legal Description85 TIERRA DEL ESTE #16 9 & SLY 1.50 FT OF 8 (5830.00 SQ FT)
Census Tract010353
Assessed Land Value$27,101
Assessed Improvement Value$206,465
Assessment Year2025

About this property

Located in the sought-after Tierra Del Este neighborhood, this well-maintained single-story home at offers a spacious and functional layout. The property features 1,600 square feet of living space, with a grand living room. Residents will enjoy a feeling of sought out comforts such as refrigerated air for year-round climate control and a cozy fireplace in the main living area. The exterior includes a double-car garage and an easy to maintain back yard situated on a generous 5,830-square-foot lot, With wrought iron gates in the front of the house and both sides for added convenience. New refrigerated air? We've got you covered, with credit at closing.

Investor Tools

Property Icon
$238,000
Estimated Property Value
$112,000Estimated Mortgage Balance
$185,187Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,428 /month
Positive
Cash Flow Estimate:
$476 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$281/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,183
$233,566
2025
$27,101
$206,465
$233,566
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,183
$233,566

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Resmae Mortgage Corp
Unknown
$112,000
No
First
Aug 7, 2006
Aug 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,882
$184,118
77%
23%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
N/A
+$2,080/mo
10.5%

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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