The Flip Potential of 223 Lake St El Paso, TX is medium.
Current Specs
3 Bed / 2 Bath
1,297 sqft
$119 per sqft
Estimated Value$154,500
Flip Advice
This 3-bed, 2-bath, 1,297 sqft home in El Paso's 79905 area sits near the median size for comps, but it’s not a standout flip candidate. The Zestimate sits at $155K, with comps ranging from $124K to $195K and a median price per sqft around $133. The property was recently listed for $152K and spent a long time on the market. It appears to have recent updates, including new appliances and flooring, so there may be limited value-add left for a flipper.
If you’re a homeowner looking to sell, focus on curb appeal and minor cosmetic upgrades—don’t over-invest in major renovations. For investors, the flip margin is likely thin given comparable sales and recent updates. Consider holding or renting instead, as the area’s rent estimate is decent and the home’s condition should attract stable tenants.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 223 Lake St: