1947 Estrada Dr · El Paso, TX 79936

$167,000

3 bd · 2.0 ba · 1,056 sqft · MultiFamily public records · 73 Days on market

Built 1986 3,353 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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: 2 units. confirmed

Listing remarks MLS

Great opportunity on the east side of El Paso--ideal for investors or first-time buyers! This well-maintained half duplex offers 3 spacious bedrooms and 2 full bathrooms, with a functional layout designed for comfortable living. Enjoy refrigerated air, generous living spaces, and a private backyard with a storage shed--perfect for relaxing or added storage. Conveniently located near major highways, shopping, and dining, providing easy access to everything you need. For investors, this property offers strong rental potential in a desirable area. For first-time buyers, it's an affordable, move-in ready option with room to grow. Don't miss this versatile and budget-friendly opportunity!

Key facts

• Refrigerated air
• Private backyard
• Storage shed

Tags

• PRIVATE BACKYARD
• STORAGE SHED
• REFRIGERATED AIR
• CONVENIENTLY LOCATED
• STRONG RENTAL POTENTIAL

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $167k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $692/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $167k).
• Recommended offer: $157k (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+.
• 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.
• Zoned schools: Benito Martinez El (math 12% / reading 27%, grade F, #3,583 of 4,322 statewide, top 86%, 497 students, 80% FRL); William D Slider Middle (math 17% / reading 42%, grade F, #1,077 of 1,662 statewide, top 66%, 703 students, 78% FRL); Montwood H S (math 25% / reading 46%, grade F, #941 of 1,632 statewide, top 58%, 2,498 students, 74% FRL).
• Market conditions: Rents rising (+2.0%/yr); 237 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,196 units permitted in El Paso County in 2024 (143 in 5+ unit buildings).
• At $3,293/mo this rent would consume 59% of the median local household income ($67k/yr) (locally 2856% 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 $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 $47k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $156,980 (6.0% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 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: 1.97% ✓
• Cap rate: 16.23%
• Cash-on-cash: 35.49%
• DSCR: 2.58
• GRM: 4.2

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: 30.0%
• Equity multiple: 2.24×
• Total profit: $57,966
• Equity at exit: $24,900

10-year hold

• IRR: 36.7%
• Equity multiple: 4.24×
• Total profit: $151,585
• Equity at exit: $14,439

Cash invested: $46,760 (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: 237
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $3,293 medium
• Mortgage (P&I): −$876
• Tax from tax record: −$273 /mo · $3,277/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$692
• Net cashflow: $1,383

Break-even live

Break-even rent $1,542

Max offer price $167,000

Occupancy floor 53%

Sensitivity live

Price	-10% $1,478	-5% $1,430	+0% $1,383	+5% $1,336	+10% $1,289
Rent	-10% $1,123	-5% $1,253	+0% $1,383	+5% $1,513	+10% $1,643
Rate	-1.0pp $1,467	-0.5pp $1,426	base $1,383	+0.5pp $1,340	+1.0pp $1,296

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$3,292
Total (2 units)			$3,293

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: $41,750
• Closing costs: $5,010
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2009 Lake Omega St Unit C El Paso, TX	2.0	1.0	764	$950	$1.24	45d	1	0.32mi
2521 Robert Wynn St Unit 1 El Paso, TX	2.0	2.0	980	$1,150	$1.17	25d	1	0.55mi
2521 Robert Wynn St Unit 5 El Paso, TX	3.0	2.0	1001	$1,300	$1.30	25d	1	0.55mi
2244 Robert Wynn St El Paso, TX	3.0	2.0	1459	$1,450	$0.99	4d	1	0.56mi
1777 Alan Shepard Ln El Paso, TX	3.0	2.0	1328	$1,535	$1.16	4d	1	0.66mi
2624 Lake Victoria Dr Unit A El Paso, TX	3.0	2.0	1150	$1,575	$1.37	45d	1	0.69mi
11280 Pebble Hills Blvd El Paso, TX	1.0–2.0	1.0–2.0	785	$1,205	$1.54	4d	2	0.91mi
11224 Wharf Cove Dr Unit A El Paso, TX	2.0	1.0	841	$1,100	$1.31	20d	1	0.93mi
1916 Lee Elder Dr Unit B El Paso, TX	2.0	2.0	850	$1,200	$1.41	45d	1	0.95mi
11242 Wharf Cove Dr Unit A El Paso, TX	2.0	1.0	900	$1,250	$1.39	45d	1	0.97mi
11275 Pebble Hills Blvd El Paso, TX	2.0	1.5	1080	$1,150	$1.06	16d	1	1.02mi
11128 Wharf Cove Dr El Paso, TX	4.0	2.0	1310	$1,700	$1.30	45d	1	1.10mi
11924 Kings Guard Dr El Paso, TX	3.0	2.0	1295	$1,595	$1.23	16d	1	1.11mi
1913 Bobby Jones Dr Unit D El Paso, TX	3.0	2.0	1378	$1,595	$1.16	25d	1	1.16mi
1640 Doug Olson Dr El Paso, TX	3.0	2.0	1448	$1,725	$1.19	4d	1	1.18mi
3186 Crazy Horse Dr El Paso, TX	3.0	2.0	1303	$1,650	$1.27	12d	1	1.19mi
2008 Amy Sue Dr El Paso, TX	3.0	2.0	1305	$1,475	$1.13	45d	1	1.22mi
2008 Amy Sue Dr El Paso, TX	3.0	2.0	1305	$1,475	$1.13	25d	1	1.22mi
1628 James Chisum Dr El Paso, TX	3.0	2.0	1500	$1,500	$1.00	12d	1	1.23mi
2028 Amy Sue Dr Unit C El Paso, TX	3.0	2.0	1305	$1,500	$1.15	45d	1	1.25mi
2028 Amy Sue Dr Unit B El Paso, TX	3.0	3.0	1305	$1,550	$1.19	20d	1	1.25mi
2001 Amy Sue Dr Unit D El Paso, TX	3.0	2.0	1500	$1,500	$1.00	45d	1	1.25mi
12008 Castle Woods Dr El Paso, TX	3.0	2.0	1192	$1,495	$1.25	25d	1	1.29mi
12130 Pebble Hills Blvd El Paso, TX	1.0–3.0	1.0–2.0	899	$1,720	$1.91	20d	15	1.33mi
11600 Edward James Ave El Paso, TX	3.0	2.0	1186	$1,650	$1.39	25d	1	1.35mi
1548 James Chisum Dr El Paso, TX	3.0	1.5	1192	$1,450	$1.22	16d	1	1.40mi
1655 Victor Lopez Dr El Paso, TX	3.0	2.0	1056	$1,550	$1.47	16d	1	1.41mi
2905 Beachcomber Dr Unit A El Paso, TX	2.0	1.0	900	$1,350	$1.50	13d	1	1.45mi
2905 Beachcomber Dr Unit B El Paso, TX	2.0	1.0	900	$1,275	$1.42	4d	1	1.45mi
2901 Beachcomber Dr Unit B El Paso, TX	2.0	2.0	1098	$1,095	$1.00	13d	1	1.45mi
2807 Beachcomber Dr El Paso, TX	3.0	2.0	1396	$1,500	$1.07	45d	1	1.46mi
11837 Jim Ryan Ln El Paso, TX	3.0	1.5	1023	$1,450	$1.42	25d	1	1.49mi
12115 Royal Woods Dr El Paso, TX	3.0	2.0	1184	$1,750	$1.48	16d	1	1.50mi

Listing history 31 events

1. 2026-06-21
   days on market $167,000 Active 73 DOM
2. 2026-06-18
   days on market $167,000 Active 70 DOM
3. 2026-06-17
   days on market $167,000 Active 69 DOM
4. 2026-06-16
   days on market $167,000 Active 68 DOM
5. 2026-06-15
   days on market $167,000 Active 67 DOM
6. 2026-06-13
   days on market $167,000 Active 65 DOM
7. 2026-06-10
   days on market $167,000 Active 62 DOM
8. 2026-06-09
   days on market $167,000 Active 61 DOM
9. 2026-06-08
   days on market $167,000 Active 60 DOM
10. 2026-06-07
    days on market $167,000 Active 59 DOM
11. 2026-06-05
    days on market $167,000 Active 56 DOM
12. 2026-06-03
    days on market $167,000 Active 55 DOM
13. 2026-06-03
    days on market $167,000 Active 54 DOM
14. 2026-06-01
    days on market $167,000 Active 53 DOM
15. 2026-05-31
    days on market $167,000 Active 52 DOM
16. 2026-05-19
    price $167,000 701-char remark

    Show marketing remark (701 chars)

    Great opportunity on the east side of El Paso--ideal for investors or first-time buyers! This well-maintained half duplex offers 3 spacious bedrooms and 2 full bathrooms, with a functional layout designed for comfortable living. Enjoy refrigerated air, generous living spaces, and a private backyard with a storage shed--perfect for relaxing or added storage. Conveniently located near major highways, shopping, and dining, providing easy access to everything you need. For investors, this property offers strong rental potential in a desirable area. For first-time buyers, it's an affordable, move-in ready option with room to grow. Don't miss this versatile and budget-friendly opportunity!

17. 2026-05-07
    status Active 701-char remark

    Show marketing remark (701 chars)

    Great opportunity on the east side of El Paso--ideal for investors or first-time buyers! This well-maintained half duplex offers 3 spacious bedrooms and 2 full bathrooms, with a functional layout designed for comfortable living. Enjoy refrigerated air, generous living spaces, and a private backyard with a storage shed--perfect for relaxing or added storage. Conveniently located near major highways, shopping, and dining, providing easy access to everything you need. For investors, this property offers strong rental potential in a desirable area. For first-time buyers, it's an affordable, move-in ready option with room to grow. Don't miss this versatile and budget-friendly opportunity!

18. 2026-04-30
    historical Active Under Contract 701-char remark

    Show marketing remark (701 chars)

    Great opportunity on the east side of El Paso--ideal for investors or first-time buyers! This well-maintained half duplex offers 3 spacious bedrooms and 2 full bathrooms, with a functional layout designed for comfortable living. Enjoy refrigerated air, generous living spaces, and a private backyard with a storage shed--perfect for relaxing or added storage. Conveniently located near major highways, shopping, and dining, providing easy access to everything you need. For investors, this property offers strong rental potential in a desirable area. For first-time buyers, it's an affordable, move-in ready option with room to grow. Don't miss this versatile and budget-friendly opportunity!

19. 2026-04-09
    listed $171,000 Active 701-char remark

    Show marketing remark (701 chars)

    Great opportunity on the east side of El Paso--ideal for investors or first-time buyers! This well-maintained half duplex offers 3 spacious bedrooms and 2 full bathrooms, with a functional layout designed for comfortable living. Enjoy refrigerated air, generous living spaces, and a private backyard with a storage shed--perfect for relaxing or added storage. Conveniently located near major highways, shopping, and dining, providing easy access to everything you need. For investors, this property offers strong rental potential in a desirable area. For first-time buyers, it's an affordable, move-in ready option with room to grow. Don't miss this versatile and budget-friendly opportunity!

20. 2024-05-15
    soldstatus
21. 2024-04-10
    status Pending
22. 2024-04-04
    price $158,000
23. 2024-02-22
    listed $168,000 Active
24. 2023-11-20
    historical
25. 2023-10-11
    listed $155,000 Active
26. 2023-10-03
    soldstatus
27. 2023-09-12
    status Pending
28. 2023-09-04
    listed $145,000 Active
29. 2023-08-28
    historical
30. 2023-07-31
    listed $145,000 Active
31. 1986-01-03
    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: $3,277 · $273/mo
• Projected year-2 tax: $3,277 · $273/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 · 25 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $39,516
• − Mortgage interest: −$9,355
• − Property taxes: −$3,277
• − Insurance: −$835
• − Repairs & maintenance: −$3,161
• − Management: −$3,161
• − Depreciation: −$4,858
• Taxable income: $14,869
• Est. tax owed @ 24.0%: −$3,569
• After-tax cash flow: $13,028/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

+15.2% since first listed

16 events — show timeline

• 2026-05-19 Price Changed $167,000 GEPARMLS
• 2026-05-07 Relisted — GEPARMLS
• 2026-04-30 Contingent — GEPARMLS
• 2026-04-09 Listed $171,000 GEPARMLS
• 2024-05-15 Sold (Public Records) — Public Records
• 2024-04-10 Pending — GEPARMLS
• 2024-04-04 Price Changed $158,000 GEPARMLS
• 2024-02-22 Listed $168,000 GEPARMLS
• 2023-11-20 Listing Removed — GEPARMLS
• 2023-10-11 Listed $155,000 GEPARMLS
• 2023-10-03 Sold (Public Records) — Public Records
• 2023-09-12 Pending — GEPARMLS
• 2023-09-04 Listed $145,000 GEPARMLS
• 2023-08-28 Listing Removed — GEPARMLS
• 2023-07-31 Listed $145,000 GEPARMLS
• 1986-01-03 Sold (Public Records) — Public Records

Property tax history

+3.7%/yr

Latest (2025): $3,277 · +2.3% YoY. Source: county tax records.