1312 E Nevada Ave · El Paso, TX 79902

$150,000

3 bd · 1.0 ba · 1,584 sqft · SingleFamily public records · 22 Days on market

Built 1910 6,000 sqft lot

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Why this score? — see what drove the C 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 +24.0/30.0
• 1% rule +7.7/10.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Cash-only fixer-upper with endless potential! This home features a living room, kitchen, front patio, detached garage and a bonus basement. Original wood floors are ready to be restored bringing timeless charm and character back to life. Perfect opportunity for a buyer with vision to transform this property into something truly special. Whether you're looking for an investment or a project to make your own, the possibilities are endless!

Key facts

• Front patio
• Bonus basement
• Kitchen

Tags

• LIVING ROOM
• KITCHEN
• FRONT PATIO
• DETACHED GARAGE
• BONUS BASEMENT
• ORIGINAL WOOD FLOORS

Property features AI

Finance

• Other: No special listing conditions
• Financial info: Tax details provided but excluded from feature list
• HOA & community: No HOA fees

Exterior

• Parking: Parking details not provided
• Security: Window bars with quick-release (for egress)
• Utilities: Utility details not provided
• Home design: Single-family residence
• Construction: Brick construction; Shingle roof; Total building area listed (detail provided but square footage excluded)
• Exterior features: Back yard access; Back yard fenced; Open patio/porch

Interior

• Kitchen: Kitchen appliance details not provided
• Bedrooms: Information on bedroom count not provided
• Flooring: Vinyl flooring; Carpet; Hardwood
• Bathrooms: One full bathroom
• Heating & cooling: Has heating; Has cooling; Ceiling fan(s); Evaporative cooling
• Interior features: Basement; Bars with release on windows; One fireplace
• Laundry & utility: Laundry details not provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $148k (1.5% 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.
• Zoned schools: Lamar El (math 24% / reading 34%, grade F, #2,525 of 4,322 statewide, top 62%, 271 students, 96% FRL); Wiggs Middle (math 47% / reading 46%, grade D+, #443 of 1,662 statewide, top 28%, 861 students, 72% FRL) — zoned schools average 84% FRL vs 65% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.2%/yr); 118 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,196 units permitted in El Paso County in 2024 (143 in 5+ unit buildings).
• At $1,911/mo this rent would consume 45% of the median local household income ($51k/yr) (locally 1380% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 + 5.2% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• 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 $147,750 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.27% ✓
• Cap rate: 8.64%
• Cash-on-cash: 8.37%
• DSCR: 1.37
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.25% rent growth · sell at horizon

5-year hold

• IRR: -0.7%
• Equity multiple: 0.97×
• Total profit: $-1,085
• Equity at exit: $22,365

10-year hold

• IRR: 11.6%
• Equity multiple: 2.02×
• Total profit: $42,651
• Equity at exit: $12,969

Cash invested: $42,000 (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 79902

• Home prices YoY: -23.1%
• Rents YoY: 5.2%
• Active inventory: 118
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,911 high
• Mortgage (P&I): −$787
• Tax from tax record: −$367 /mo · $4,408/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $293

Break-even live

Break-even rent $1,540

Max offer price $150,000

Occupancy floor 80%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1519 Golden Hill Ter Unit 8 El Paso, TX	2.0	2.5	1650	$2,950	$1.79	23d	1	0.15mi
1519 Golden Hill Ter El Paso, TX	2.0	2.5	1600	$2,750	$1.72	44d	6	0.15mi
1519 Golden Hill Ter Unit 5 El Paso, TX	2.0	2.5	1550	$2,550	$1.65	23d	1	0.15mi
1509 Montana Ave Unit 4 El Paso, TX	2.0	1.5	1200	$1,200	$1.00	3d	1	0.19mi
1509 Montana Ave El Paso, TX	2.0	1.0	1200	$1,200	$1.00	3d	1	0.19mi
1217 N Laurel St Unit B El Paso, TX	2.0	1.0	1148	$1,375	$1.20	44d	1	0.46mi
1927 Arizona Ave El Paso, TX	2.0	1.0	1350	$1,400	$1.04	3d	1	0.54mi
1805 Gurss Pl El Paso, TX	3.0	1.5	2198	$2,400	$1.09	3d	1	0.55mi
2008 Rogelio Ave El Paso, TX	2.0	2.5	1377	$1,530	$1.11	3d	1	0.66mi
2115 Yandell Dr El Paso, TX	3.0	3.0	1251	$1,400	$1.12	14d	1	0.72mi
305 E River Ave El Paso, TX	2.0	2.0	1382	$1,750	$1.27	3d	1	0.77mi
921 Olive Ave El Paso, TX	3.0	1.5	1194	$1,300	$1.09	12d	1	0.84mi
1310 E San Antonio Ave El Paso, TX	2.0	1.0	1100	$1,335	$1.21	44d	1	0.88mi
504 E University Ave El Paso, TX	2.0	2.0	1200	$1,700	$1.42	44d	1	0.89mi
611 New York Ave El Paso, TX	3.0	2.0	1555	$1,795	$1.15	14d	1	0.96mi
1104 Madeline Dr El Paso, TX	3.0	2.0	1584	$2,500	$1.58	44d	1	1.02mi
1127 N El Paso St Apt 3 El Paso, TX	2.0	2.0	1290	$1,275	$0.99	44d	1	1.04mi
115 N Mesa St Unit 3B El Paso, TX	3.0	2.0	1550	$2,200	$1.42	44d	1	1.04mi
2624 Arizona Ave El Paso, TX	4.0	2.0	1507	$1,600	$1.06	3d	1	1.15mi
505 W Missouri Ave El Paso, TX	2.0	1.0	1100	$950	$0.86	44d	1	1.17mi
2709 N Florence St El Paso, TX	2.0	1.0	1064	$1,550	$1.46	44d	1	1.17mi
604 Upson Dr El Paso, TX	3.0	3.0	1680	$1,900	$1.13	44d	1	1.21mi
923 McKelligon Dr El Paso, TX	3.0	2.0	2186	$2,500	$1.14	44d	1	1.21mi
608 Stewart Ct Unit A El Paso, TX	2.0	1.0	1221	$1,200	$0.98	14d	1	1.23mi
310 E Baltimore Dr Unit 1 El Paso, TX	2.0	2.0	1400	$1,700	$1.21	44d	1	1.25mi
3030 Pera Ave Unit A El Paso, TX	2.0	1.5	1050	$1,350	$1.29	44d	1	1.38mi
2862 Grant Ave Unit 3 El Paso, TX	2.0	1.0	1127	$1,045	$0.93	23d	1	1.39mi
3000 Wyoming Ave El Paso, TX	3.0	2.0	1217	$1,600	$1.31	3d	1	1.41mi
3004 E Yandell Dr El Paso, TX	2.0	1.0	1400	$1,600	$1.14	14d	1	1.44mi
1546 Upson Dr El Paso, TX	2.0	2.0	1415	$1,700	$1.20	23d	1	1.45mi

Listing history 2 events

1. 2026-05-31
   status $150,000 Pending 22 DOM
2. 2026-05-08
   listed $150,000 Active 442-char remark

ⓘ 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: $4,408 · $367/mo
• Projected year-2 tax: $4,408 · $367/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 · 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,927
• − Mortgage interest: −$8,402
• − Property taxes: −$4,408
• − Insurance: −$750
• − Repairs & maintenance: −$1,834
• − Management: −$1,834
• − Depreciation: −$4,364
• Taxable income: $1,335
• Est. tax owed @ 24.0%: −$321
• After-tax cash flow: $3,195/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
• County: El Paso County · 761,266 people
• City population: 630,223
• Metro: El Paso, TX
• Population (ZIP): 19,031
• Household income: $50,873
• Rent vs Own: 58.0% rent · 42.0% own
• Severe rent burden: 1380.0

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 (75%)
• Race & ethnicity: Hispanic / Latino 75% Two or more races 40% White 19% Black 2% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 71%
• Common ancestry: Slovak 1% American 1% Lithuanian 1%
• Foreign-born: 24% · Canada, India, China
• Languages at home: 33% English-only · Spanish 65% Other Asian/Pacific 1% Other Indo-European 1%

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: ▼ -74.95%
• Current HPI: 249.5804
• Rent YoY: ▲ 5.25%
• 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

2 events — show timeline

• 2026-05-31 Pending — GEPARMLS
• 2026-05-08 Listed $150,000 GEPARMLS

Property tax history

+4.2%/yr

Latest (2025): $4,408 · +1.8% YoY. Source: county tax records.