124 Toledo Pl · El Paso, TX 79905

$109,000

2 bd · 2.0 ba · 1,303 sqft · Other public records · 65 Days on market

Built 1941 5,400 sqft lot $84/sqft · 16% below area Est $129k · 16% under

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Why this score? — see what drove the A- 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 +26.7/30.0
• ARV discount +14.6/15.0
• Appreciation +10.0/10.0
• DSCR +9.2/10.0
• 1% rule +8.8/10.0
• Livability +4.0/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Unlock the potential of this exceptional investment opportunity! This 2-bedroom, 2-bathroom home offers over 1,300 sq ft of living space and is perfect for investors ready to bring their vision to life. With a spacious layout and endless possibilities, this property serves as a blank canvas for renovations and value-adding upgrades. Whether you're looking to flip, generate rental income, or build long-term equity, this home provides the flexibility to achieve your goals. Please note, the property is being sold AS-IS in its current condition. Don't miss this chance to invest in a property with significant potential. Contact me today to schedule a viewing and begin planning your next project!

Key facts

• 5,400 sq ft lot
• Built 1941
• Listed 65 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $109k.

Deal economics

• At list price, monthly cash flow is $143 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $109k).
• Recommended offer: $102k (6.0% 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+.
• El Paso ISD (urban): math 27% / reading 37% proficiency, ranked #591 of 826 in TX (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 60 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,196 units permitted in El Paso County in 2024 (143 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($754 loan paydown + $11k appreciation (10.0% local appreciation)).
• El Paso County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; flood insurance adds $152/mo; built in 1941 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $102,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.38% ✓
• Cap rate: 9.54%
• Cash-on-cash: 11.60%
• DSCR: 1.52
• GRM: 6.0

CMA / ARV

• ARV (median comp): $129,422
• List price: $109,000
• Delta: -15.78%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.4%
• Equity multiple: 3.25×
• Total profit: $68,679
• Equity at exit: $98,196

10-year hold

• IRR: 24.8%
• Equity multiple: 7.41×
• Total profit: $195,490
• Equity at exit: $211,763

Cash invested: $30,520 (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 79905

• Home prices YoY: 12.8%
• Active inventory: 60
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,508 high
• Mortgage (P&I): −$572
• Tax from tax record: −$279 /mo · $3,351/yr
• Insurance: −$45
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $143

Break-even live

Break-even rent $1,327

Max offer price $109,000

Occupancy floor 86%

Sensitivity live

Price	-10% $205	-5% $174	+0% $143	+5% $112	+10% $81
Rent	-10% $24	-5% $83	+0% $143	+5% $203	+10% $262
Rate	-1.0pp $198	-0.5pp $171	base $143	+0.5pp $115	+1.0pp $86

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 N Seville Dr Unit A El Paso, TX	3.0	2.5	1250	$1,600	$1.28	3d	1	0.07mi
6203 Trowbridge Dr El Paso, TX	3.0	1.0	1003	$1,400	$1.40	24d	1	0.65mi
187 N Awbrey St Unit 1 El Paso, TX	2.0	1.0	891	$850	$0.95	19d	1	0.76mi
6005 Tampa Ave El Paso, TX	3.0	2.0	906	$1,450	$1.60	44d	1	0.87mi
1015 N Clark Dr El Paso, TX	2.0	1.0	1031	$1,200	$1.16	3d	1	0.95mi
726 Medina St El Paso, TX	3.0	2.0	1310	$1,600	$1.22	3d	1	1.04mi
649 De Vargas Dr El Paso, TX	3.0	1.0	1518	$1,500	$0.99	11d	1	1.40mi
359 Mary Jeanne Ln El Paso, TX	3.0	2.0	1300	$1,600	$1.23	22d	1	1.42mi
6530 Mohawk Ave El Paso, TX	3.0	2.0	1113	$1,650	$1.48	44d	1	1.42mi
5530 Venezuela Rd El Paso, TX	3.0	3.0	1568	$1,350	$0.86	44d	1	1.48mi

Listing history 14 events

1. 2026-06-13
   statusdays on market $109,000 Pending 65 DOM
2. 2026-06-10
   statusdays on market $109,000 Active 64 DOM
3. 2026-04-15
   price $109,000 708-char remark

   Show marketing remark (708 chars)

   Unlock the potential of this exceptional investment opportunity! This 2-bedroom, 2-bathroom home offers over 1,300 sq ft of living space and is perfect for investors ready to bring their vision to life. With a spacious layout and endless possibilities, this property serves as a blank canvas for renovations and value-adding upgrades. Whether you're looking to flip, generate rental income, or build long-term equity, this home provides the flexibility to achieve your goals. Please note, the property is being sold AS-IS in its current condition. Don't miss this chance to invest in a property with significant potential. Contact me today to schedule a viewing and begin planning your next project!

4. 2026-03-19
   listed $119,000 Active 708-char remark

   Show marketing remark (708 chars)

   Unlock the potential of this exceptional investment opportunity! This 2-bedroom, 2-bathroom home offers over 1,300 sq ft of living space and is perfect for investors ready to bring their vision to life. With a spacious layout and endless possibilities, this property serves as a blank canvas for renovations and value-adding upgrades. Whether you're looking to flip, generate rental income, or build long-term equity, this home provides the flexibility to achieve your goals. Please note, the property is being sold AS-IS in its current condition. Don't miss this chance to invest in a property with significant potential. Contact me today to schedule a viewing and begin planning your next project!

5. 2025-11-24
   historical
6. 2025-07-10
   price $120,000
7. 2025-06-27
   price $125,000
8. 2025-05-22
   listed $129,000 Active
9. 2025-05-05
   soldstatus
10. 2024-07-01
    status Pending
11. 2024-06-18
    historical
12. 2024-06-04
    listed $110,000 Active
13. 2020-10-01
    soldstatus
14. 2020-10-01
    soldstatus

ⓘ 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: $3,351 · $279/mo
• Projected year-2 tax: $3,351 · $279/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 4/10 Moderate FEMA zone AH · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 25 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,096
• − Mortgage interest: −$6,106
• − Property taxes: −$3,351
• − Insurance: −$2,370
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$3,171
• Taxable income: $204
• Est. tax owed @ 24.0%: −$49
• After-tax cash flow: $1,668/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: El Paso ISD
• NCES district ID: 4818300
• Math proficiency: 27% ▼ -24.00%
• Reading proficiency: 37% ▼ -7.00%
• Median HH income: $38,704
• Composite: 26.75/100
• National rank: #7138
• State rank: #591 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
• City population: 630,223
• Population (ZIP): 22,062

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 (93%)
• Race & ethnicity: Hispanic / Latino 93% Two or more races 50% White 2% Native American 1% Pacific Islander 1%
• Hispanic origin (detail): Mexican 89%
• Foreign-born: 32% · Canada
• Languages at home: 14% English-only · Spanish 86%

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: ▲ 29.29%
• Current HPI: 258.3487
• Rent YoY: —
• Metro: —
• 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

-0.9% since first listed

12 events — show timeline

• 2026-04-15 Price Changed $109,000 GEPARMLS
• 2026-03-19 Listed $119,000 GEPARMLS
• 2025-11-24 Listing Removed — GEPARMLS
• 2025-07-10 Price Changed $120,000 GEPARMLS
• 2025-06-27 Price Changed $125,000 GEPARMLS
• 2025-05-22 Listed $129,000 GEPARMLS
• 2025-05-05 Sold (Public Records) — Public Records
• 2024-07-01 Pending — GEPARMLS
• 2024-06-18 Listing Removed — GEPARMLS
• 2024-06-04 Listed $110,000 GEPARMLS
• 2020-10-01 Sold (Public Records) — Public Records
• 2020-10-01 Sold (Public Records) — Public Records

Property tax history

+6.7%/yr

Latest (2025): $3,351 · +1.8% YoY. Source: county tax records.