424 Lomaland Dr · El Paso, TX 79907

$150,000

3 bd · 1.0 ba · 1,300 sqft · SingleFamily public records · 51 Days on market

Built 1964 6,621 sqft lot ↓ 9% since listing

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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 +19.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• Rent growth +5.0/5.0
• 1% rule +4.8/10.0
• Livability +4.0/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Corner-lot property, fully fenced home for added privacy and peace of mind. This home offers plenty of parking. Inside, you'll find a generously sized kitchen with excellent workspace and storage. Located in a well-established neighborhood, you'll love the quick access to shops, eateries, and daily essentials. Multiple entry points—allowing you to easily come and go without relying on the main street. Solid bones, flexible access, and an abundance of storage/workshop.

Key facts

• Fully fenced home
• Corner-lot property
• 6,621 sq ft lot

Tags

• CORNER-LOT PROPERTY
• FULLY FENCED HOME
• GENEROUSLY SIZED KITCHEN
• WELL-ESTABLISHED NEIGHBORHOOD
• QUICK ACCESS TO SHOPS
• MULTIPLE ENTRY POINTS

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 $177 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $147k (1.8% below list).
• Recommended offer: $146k (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+.
• Ysleta ISD (urban): math 27% / reading 35% proficiency, ranked #626 of 826 in TX (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Del Valle Middle (math 20% / reading 25%, grade F, #1,341 of 1,662 statewide, top 82%, 1,122 students, 83% FRL); Del Valle H S (math 48% / reading 41%, grade F, #652 of 1,632 statewide, top 43%, 1,957 students, 78% FRL).
• Market conditions: Rents rising fast (+11.8%/yr); 103 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,196 units permitted in El Paso County in 2024 (143 in 5+ unit buildings).
• This rent runs 42% of the median local income ($42k/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 $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 + 8.0% 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 51 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $14k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.98% ✗
• Cap rate: 7.71%
• Cash-on-cash: 5.06%
• DSCR: 1.23
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -3.2%
• Equity multiple: 0.88×
• Total profit: $-5,241
• Equity at exit: $22,365

10-year hold

• IRR: 11.3%
• Equity multiple: 2.08×
• Total profit: $45,381
• 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 79907

• Home prices YoY: -9.8%
• Rents YoY: 11.8%
• Active inventory: 103
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,474 high
• Mortgage (P&I): −$787
• Tax from tax record: −$138 /mo · $1,655/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $177

Break-even live

Break-even rent $1,249

Max offer price $150,000

Occupancy floor 83%

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 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
601 Lomaland Dr Unit A El Paso, TX	3.0	1.0	997	$1,325	$1.33	23d	1	0.26mi
329 Sereno Dr El Paso, TX	3.0	2.0	1728	$1,900	$1.10	14d	1	0.38mi
8326 Verde Cir Unit 1 El Paso, TX	2.0	1.0	902	$1,100	$1.22	2d	1	0.65mi
8420 Waterfall Dr El Paso, TX	3.0	2.0	1156	$1,250	$1.08	14d	1	0.92mi
8405 Pinon St El Paso, TX	3.0	2.0	1480	$1,650	$1.11	11d	1	1.06mi
849 Montera Rd Unit 1 El Paso, TX	3.0	1.5	1058	$1,150	$1.09	43d	1	1.22mi
910 Destello Rd Unit A El Paso, TX	2.0	2.0	960	$1,400	$1.46	18d	1	1.22mi
8517 Del Rivers El Paso, TX	4.0	2.0	1478	$1,675	$1.13	23d	1	1.27mi
943 Montera Rd El Paso, TX	4.0	2.0	1618	$1,550	$0.96	2d	1	1.27mi
226 New Haven Dr El Paso, TX	3.0	1.0	1200	$1,600	$1.33	2d	1	1.28mi
8506 Winchester Rd El Paso, TX	2.0	1.0	980	$825	$0.84	43d	1	1.37mi

Listing history 7 events

1. 2026-02-05
   status Pending
2. 2026-01-28
   status Active
3. 2026-01-22
   status Pending
4. 2026-01-02
   price $150,000
5. 2025-12-30
   price $159,900
6. 2025-12-08
   listed $164,000 Active
7. 2025-04-30
   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: $1,655 · $138/mo
• Projected year-2 tax: $2,745 · $229/mo
• Expected delta: +$1,090/yr (+$91/mo · 65.9%)

ⓘ 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 ≥103°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: $17,684
• − Mortgage interest: −$8,402
• − Property taxes: −$1,655
• − Insurance: −$750
• − Repairs & maintenance: −$1,415
• − Management: −$1,415
• − Depreciation: −$4,364
• Taxable loss: −$316
• Est. tax savings @ 24.0%: +$76
• After-tax cash flow: $2,202/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: Ysleta ISD
• NCES district ID: 4846680
• Math proficiency: 27% ▼ -31.00%
• Reading proficiency: 35% ▼ -11.00%
• Median HH income: $35,826
• Composite: 25.65/100
• National rank: #7400
• State rank: #626 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): 46,365
• Household income: $41,617
• Rent vs Own: 40.7% rent · 59.3% own
• Severe rent burden: 1390.0

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 (94%)
• Race & ethnicity: Hispanic / Latino 94% Two or more races 42% White 4% Native American 1% Black 1%
• Hispanic origin (detail): Mexican 90%
• Foreign-born: 28% · Canada
• Languages at home: 21% English-only · Spanish 78%

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: ▼ -27.34%
• Current HPI: 251.9374
• Rent YoY: ▲ 11.79%
• 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

-8.5% since first listed

7 events — show timeline

• 2026-02-05 Pending — GEPARMLS
• 2026-01-28 Relisted — GEPARMLS
• 2026-01-22 Pending — GEPARMLS
• 2026-01-02 Price Changed $150,000 GEPARMLS
• 2025-12-30 Price Changed $159,900 GEPARMLS
• 2025-12-08 Listed $164,000 GEPARMLS
• 2025-04-30 Sold (Public Records) — Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,655 · +10.7% YoY. Source: county tax records.