762 Delhi Dr · Socorro, TX 79927

$235,000

4 bd · 1.0 ba · 1,520 sqft · SingleFamily public records · 92 Days on market

Built 1970 7,000 sqft lot ↓ 2% since listing

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Why this score? — see what drove the D+ 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 +14.0/30.0
• ARV discount +7.5/15.0
• Appreciation +4.5/10.0
• DSCR +4.2/10.0
• Rent growth +3.8/5.0
• 1% rule +3.4/10.0
• Livability +3.2/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Spacious and versatile home offering over 2,700 sq ft! Featuring 4 LARGE bedrooms, this property offers large living areas, giving you flexibility for entertaining, working from home, or multi-generational living. Enjoy a detached garage, covered carport, and a fully enclosed property for added privacy and security. The generous lot provides plenty of room for outdoor enjoyment, gatherings, or future customization. With its unique layout and ample space, this home is full of potential and ready for your personal touch. Don't miss this opportunity to own a property with size, flexibility, and value! Appliances included!

Key facts

• Generous lot
• Covered carport
• Detached garage

Tags

• MULTIPLE LIVING AREAS
• DETACHED GARAGE
• COVERED CARPORT
• FULLY ENCLOSED PROPERTY
• GENEROUS LOT

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $29 ($351/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 $197k (16.1% below list).
• Recommended offer: $197k (16.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#830 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• 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 fast (+5.3%/yr); 219 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 44% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-0.9%/yr); year-one equity from $2k of loan paydown is wiped out by about $2k 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.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($214k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $197,260 (16.1% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.84% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.53%
• DSCR: 1.02
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.93% appreciation · 5.29% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.84×
• Total profit: $-10,506
• Equity at exit: $57,476

10-year hold

• IRR: 4.9%
• Equity multiple: 1.50×
• Total profit: $32,999
• Equity at exit: $60,994

Cash invested: $65,800 (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 79927

• Home prices YoY: -0.4%
• Rents YoY: 5.3%
• Active inventory: 219
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,973 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$199 /mo · $2,386/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$414
• Net cashflow: $29

Break-even live

Break-even rent $1,936

Max offer price $235,000

Occupancy floor 94%

Sensitivity live

Price	-10% $162	-5% $96	+0% $29	+5% $-37	+10% $-104
Rent	-10% $-127	-5% $-49	+0% $29	+5% $107	+10% $185
Rate	-1.0pp $148	-0.5pp $89	base $29	+0.5pp $-32	+1.0pp $-94

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10129 Christmas Cactus Pl El Paso, TX	4.0	2.0	1824	$1,895	$1.04	4d	1	0.33mi
10281 Valle del Mar Dr El Paso, TX	3.0	2.0	1328	$1,600	$1.20	15d	1	0.75mi
10183 Dijon Pl Socorro, TX	3.0	2.0	1340	$1,495	$1.12	15d	1	0.94mi
445 Stetson Dr El Paso, TX	3.0	2.0	1464	$1,850	$1.26	3d	1	1.29mi
13847 Sandy Pine Way Horizon City, TX	4.0	2.0	1566	$2,200	$1.40	44d	1	1.37mi
11293 Cielo Mar Dr El Paso, TX	4.0	2.5	1917	$2,000	$1.04	15d	1	1.44mi

Listing history 16 events

1. 2026-06-18
   days on market $235,000 Active 92 DOM
2. 2026-06-17
   days on market $235,000 Active 91 DOM
3. 2026-06-16
   days on market $235,000 Active 90 DOM
4. 2026-06-15
   days on market $235,000 Active 89 DOM
5. 2026-06-13
   days on market $235,000 Active 87 DOM
6. 2026-06-10
   days on market $235,000 Active 84 DOM
7. 2026-06-09
   days on market $235,000 Active 83 DOM
8. 2026-06-08
   days on market $235,000 Active 82 DOM
9. 2026-06-07
   days on market $235,000 Active 81 DOM
10. 2026-06-05
    days on market $235,000 Active 78 DOM
11. 2026-06-03
    days on market $235,000 Active 77 DOM
12. 2026-06-03
    days on market $235,000 Active 76 DOM
13. 2026-06-01
    days on market $235,000 Active 75 DOM
14. 2026-05-31
    days on market $235,000 Active 74 DOM
15. 2026-05-01
    price $235,000 626-char remark

    Show marketing remark (626 chars)

    Spacious and versatile home offering over 2,700 sq ft! Featuring 4 LARGE bedrooms, this property offers large living areas, giving you flexibility for entertaining, working from home, or multi-generational living. Enjoy a detached garage, covered carport, and a fully enclosed property for added privacy and security. The generous lot provides plenty of room for outdoor enjoyment, gatherings, or future customization. With its unique layout and ample space, this home is full of potential and ready for your personal touch. Don't miss this opportunity to own a property with size, flexibility, and value! Appliances included!

16. 2026-03-18
    listed $240,000 Active 626-char remark

    Show marketing remark (626 chars)

    Spacious and versatile home offering over 2,700 sq ft! Featuring 4 LARGE bedrooms, this property offers large living areas, giving you flexibility for entertaining, working from home, or multi-generational living. Enjoy a detached garage, covered carport, and a fully enclosed property for added privacy and security. The generous lot provides plenty of room for outdoor enjoyment, gatherings, or future customization. With its unique layout and ample space, this home is full of potential and ready for your personal touch. Don't miss this opportunity to own a property with size, flexibility, and value! Appliances included!

ⓘ 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: $2,386 · $199/mo
• Projected year-2 tax: $4,300 · $358/mo
• Expected delta: +$1,915/yr (+$160/mo · 80.3%)

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

Climate risk First Street

• 🌊 Flood 2/10 Low 3% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 24 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: $23,671
• − Mortgage interest: −$13,164
• − Property taxes: −$2,386
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,894
• − Management: −$1,894
• − Depreciation: −$6,836
• Taxable loss: −$3,677
• Est. tax savings @ 24.0%: +$882
• After-tax cash flow: $1,234/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 — Socorro

• Score: 63/100
• State rank: #830
• US rank: #14960

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Socorro, TX
• County: El Paso County · 761,266 people
• City population: 44,444
• Metro: El Paso, TX
• Population (ZIP): 44,444
• Household income: $53,652
• Rent vs Own: 19.2% rent · 80.8% own
• Severe rent burden: 732.0

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 (97%)
• Race & ethnicity: Hispanic / Latino 97% Two or more races 39% Native American 2% White 2%
• Hispanic origin (detail): Mexican 94%
• Foreign-born: 34% · Canada
• Languages at home: 16% English-only · Spanish 84%

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: ▼ -0.93%
• Current HPI: 239.646
• Rent YoY: ▲ 5.29%
• 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

-2.1% since first listed

2 events — show timeline

• 2026-05-01 Price Changed $235,000 GEPARMLS
• 2026-03-18 Listed $240,000 GEPARMLS

Property tax history

+3.0%/yr

Latest (2025): $2,386 · +7.9% YoY. Source: county tax records.