1557 Nick Faldo Pl · El Paso, TX 79936

$153,500

2 bd · 2.0 ba · 961 sqft · MultiFamily public records · 54 Days on market

Built 1987 4,575 sqft lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks

Great investment opportunity. Home features formal dining and living room. Location is key with this property two bedrooms and two full bathrooms with a large yard for entertaining. Good for a rental or an Air BNB. , This property sits on a huge cut de sac lot with stores, schools and dining nearby.

Key facts

• Cul-de-sac lot
• Schools nearby
• Formal dining

Tags

• FORMAL DINING
• LIVING ROOM
• LARGE YARD
• CUL-DE-SAC LOT
• STORES NEARBY
• SCHOOLS NEARBY

Property features AI

Finance

• Other: Lot size approximately 0.13 acres; Building area approximately 961 total square feet; One fireplace
• Financial info: Property listed as a fixer upper
• HOA & community: No HOA fees

Exterior

• Parking: Parking information not provided
• Security: Security information not provided
• Utilities: Utilities information not provided
• Home design: Duplex; Single-story; Entry level information not provided; Facing direction not provided
• Construction: Brick veneer construction; Composition roof; Built year not provided; Foundation information not provided
• Exterior features: Walled backyard; Back yard access

Interior

• Kitchen: Free-standing gas oven; Refrigerator
• Bedrooms: Bedrooms information not provided
• Flooring: Vinyl flooring; Carpet; Concrete
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central forced air heating; Evaporative cooling
• Interior features: Ceiling fans; Formal dining and living room; No window treatments
• Laundry & utility: Laundry details not provided

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath multifamily listed at $154k.

Deal economics

• At list price, monthly cash flow is $645 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $154k).
• Recommended offer: $149k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#23 in TX, #1,375 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+.
• Socorro ISD (urban): math 23% / reading 36% proficiency, ranked #624 of 826 in TX (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.0%/yr); 234 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,196 units permitted in El Paso County in 2024 (143 in 5+ unit buildings).
• This rent runs 40% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• El Paso County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 2.0% rent growth), your $43k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $37k; list at $154k implies a 315% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $148,895 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.46% ✓
• Cap rate: 11.33%
• Cash-on-cash: 18.00%
• DSCR: 1.80
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.04% rent growth · sell at horizon

5-year hold

• IRR: 8.5%
• Equity multiple: 1.33×
• Total profit: $14,115
• Equity at exit: $22,887

10-year hold

• IRR: 16.9%
• Equity multiple: 2.32×
• Total profit: $56,833
• Equity at exit: $13,272

Cash invested: $42,980 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 79936

• Home prices YoY: -25.9%
• Rents YoY: 2.0%
• Active inventory: 234
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $2,238 medium
• Mortgage (P&I): −$805
• Tax from tax record: −$254 /mo · $3,053/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$470
• Net cashflow: $645

Break-even live

Break-even rent $1,422

Max offer price $153,500

Occupancy floor 66%

Sensitivity live

Price	-10% $732	-5% $688	+0% $645	+5% $601	+10% $558
Rent	-10% $468	-5% $556	+0% $645	+5% $733	+10% $821
Rate	-1.0pp $722	-0.5pp $684	base $645	+0.5pp $605	+1.0pp $564

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	2	$2,238
Total (2 units)			$2,238

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,375
• Closing costs: $4,605
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1524 Greg Powers Dr Unit A El Paso, TX	3.0	1.5	1024	$1,200	$1.17	44d	1	0.11mi
1530 George Dieter Dr El Paso, TX	1.0–2.0	1.0–2.0	706	$1,450	$2.05	3d	29	0.15mi
1655 Victor Lopez Dr El Paso, TX	3.0	2.0	1056	$1,550	$1.47	15d	1	0.54mi
11837 Jim Ryan Ln El Paso, TX	3.0	1.5	1023	$1,450	$1.42	24d	1	0.79mi
1525 Pullman Dr Unit 16 El Paso, TX	2.0	1.0	700	$880	$1.26	4d	1	0.82mi
11635 James Watt Dr Unit E El Paso, TX	2.0	1.0	800	$900	$1.12	15d	1	0.87mi
11613 James Watt Dr Unit B El Paso, TX	3.0	2.5	600	$1,000	$1.67	12d	1	0.88mi
11601 James Watt Dr Unit D El Paso, TX	2.0	1.0	800	$900	$1.12	15d	1	0.88mi
1376 Trudy Elaine Dr Unit D El Paso, TX	2.0	1.0	828	$945	$1.14	3d	1	1.06mi
1376 Trudy Elaine Dr Unit A El Paso, TX	2.0	1.0	828	$945	$1.14	15d	1	1.06mi
12056 Bellows Ct El Paso, TX	3.0	2.0	996	$1,550	$1.56	15d	1	1.14mi
1601 N Lee Trevino Dr El Paso, TX	1.0–2.0	1.0–2.0	735	$1,374	$1.87	3d	11	1.50mi

Listing history 14 events

1. 2026-06-16
   days on market $153,500 Active 54 DOM
2. 2026-06-15
   days on market $153,500 Active 53 DOM
3. 2026-06-13
   days on market $153,500 Active 51 DOM
4. 2026-06-10
   days on market $153,500 Active 48 DOM
5. 2026-06-09
   days on market $153,500 Active 47 DOM
6. 2026-06-08
   days on market $153,500 Active 46 DOM
7. 2026-06-07
   days on market $153,500 Active 45 DOM
8. 2026-06-05
   days on market $153,500 Active 42 DOM
9. 2026-06-03
   days on market $153,500 Active 41 DOM
10. 2026-06-03
    days on market $153,500 Active 40 DOM
11. 2026-06-01
    days on market $153,500 Active 39 DOM
12. 2026-05-31
    days on market $153,500 Active 38 DOM
13. 2026-04-22
    listed $153,500 Active 306-char remark
14. 1988-04-29
    soldstatus $36,950

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $3,053 · $254/mo
• Projected year-2 tax: $3,053 · $254/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 26 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,856
• − Mortgage interest: −$8,598
• − Property taxes: −$3,053
• − Insurance: −$768
• − Repairs & maintenance: −$2,148
• − Management: −$2,148
• − Depreciation: −$4,465
• Taxable income: $5,674
• Est. tax owed @ 24.0%: −$1,362
• After-tax cash flow: $6,374/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Socorro ISD
• NCES district ID: 4840710
• Math proficiency: 23% ▼ -34.00%
• Reading proficiency: 36% ▼ -14.00%
• Median HH income: $49,318
• Composite: 25.67/100
• National rank: #7396
• State rank: #624 of 826 in TX

Livability — El Paso

• Score: 81/100
• State rank: #23
• US rank: #1375

Category grades

Amenities B Commute A+ Cost of living A+ Crime B- Employment D+ Housing A+ Health & safety B- User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: El Paso, TX
• County: El Paso County · 761,266 people
• City population: 630,223
• Metro: El Paso, TX
• Population (ZIP): 102,991
• Household income: $67,198
• Rent vs Own: 29.5% rent · 70.5% own
• Severe rent burden: 2856.0

Population outlook (El Paso County) Hauer SSP2

• Today (2025): 897,899 people
• By 2030: 922,694 · +2.8%
• By 2040: 960,492 · +7.0%
• By 2050: 982,919 · +9.5%
• By 2075: 997,266 · +11.1%
• By 2100: 900,630 · +0.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (86%)
• Race & ethnicity: Hispanic / Latino 86% Two or more races 40% White 9% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 82% Puerto Rican 1%
• Foreign-born: 20% · Canada
• Languages at home: 32% English-only · Spanish 66%

Political lean MEDSL · El Paso

• 2024 margin: D (+15.1) · D 57.0% · R 41.8% · Other 1.2%
• 2008→2024 swing: -17.4pp toward R · 2008: 32.5pp · 2024: 15.1pp
• All cycles: 2024: D+15.1 2020: D+35.1 2016: D+43.2 2012: D+32.6 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -86.55%
• Current HPI: 247.851
• Rent YoY: ▲ 2.04%
• Metro: El Paso, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+315.4% since first listed

3 events — show timeline

• 2026-06-17 Listing Removed — GEPARMLS
• 2026-04-22 Listed $153,500 GEPARMLS
• 1988-04-29 Sold (Public Records) $36,950 Public Records

Property tax history

+4.2%/yr

Latest (2025): $3,053 · -2.8% YoY. Source: county tax records.