11548 Jenny Rd · Socorro, TX 79927

$220,000

1 bd · 1.0 ba · 692 sqft · MultiFamily public records · 28 Days on market

Built 1982 5,394 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
• Appreciation +4.5/10.0
• Rent growth +3.8/5.0
• Livability +3.2/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

Investment opportunity with endless potential!This unique triplex sits on a spacious corner lot and offers three separate living spaces, making it ideal for rental income, multi-generational living, or an owner-occupant looking to offset their mortgage. The property features ample parking, covered carport areas, and a walled perimeter for added privacy. Conveniently located with easy access to main roads, shopping, dining, and schools. Space #1 offers a great studio area with kitchen and restroom. Space #2 offers 2 bedrooms and 1 bathroom. Space #3 has 1 bedroom and 1 bathroom. All with great space indoor and out.

Key facts

• Ample parking
• Walled perimeter
• Triplex

Tags

• TRIPLEX
• CORNER LOT
• SEPARATE LIVING SPACES
• AMPLE PARKING
• COVERED CARPORT AREAS
• WALLED PERIMETER

Property features AI

Finance

• Other: No special listing conditions

Exterior

• Parking: Covered parking
• Utilities: All utilities available; Electric available; Natural gas available
• Home design: Triplex; Total building area approximately 2060
• Construction: Stucco construction; Shingle roof
• Exterior features: Shingle roof; Stucco exterior; Lot about 0.12 acres

Interior

• Kitchen: Refrigerator; Range hood; Microwave; Free-standing gas oven
• Flooring: Tile; Vinyl
• Heating & cooling: Refrigerated cooling; Heating details listed in remarks
• Interior features: Tile and vinyl flooring; See remarks for heating details
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 2×1bd/1ba + 1×2bd/1ba units multifamily listed at $220k.

Deal economics

• At list price, monthly cash flow is $966 ($12k/yr) — positive. Per door: $322/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).
• Recommended offer: $217k (1.5% below list) — sets the bar for market timing.

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: amenities F, commute F, employment 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.
• Zoned schools: Campestre El (math 17% / reading 27%, grade F, #3,333 of 4,322 statewide, top 80%, 495 students, 91% FRL); Socorro Middle (math 14% / reading 27%, grade F, #1,407 of 1,662 statewide, top 86%, 540 students, 92% FRL); Socorro H S (math 13% / reading 35%, grade F, #1,333 of 1,632 statewide, top 82%, 2,484 students, 87% FRL) — zoned schools average 90% FRL vs 66% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.3%/yr); 219 active listings in the ZIP; 2,196 units permitted in El Paso County in 2024 (143 in 5+ unit buildings).
• At $3,430/mo this rent would consume 77% of the median local household income ($54k/yr) (locally 732% 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 (-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.
• At projected returns (-0.9% appreciation + 5.3% rent growth), your $62k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y 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

• Watch-outs: property tax is 2.7% of price.
• 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 $216,700 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
7. 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.
8. 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: 1.56% ✓
• Cap rate: 11.56%
• Cash-on-cash: 18.81%
• DSCR: 1.84
• GRM: 5.3

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: 18.6%
• Equity multiple: 1.87×
• Total profit: $53,875
• Equity at exit: $53,807

10-year hold

• IRR: 25.8%
• Equity multiple: 3.93×
• Total profit: $180,249
• Equity at exit: $57,101

Cash invested: $61,600 (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: 18.3×

Monthly cashflow live

• Estimated rent: $3,430 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$499 /mo · $5,983/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$720
• Net cashflow: $966

Break-even live

Break-even rent $2,208

Max offer price $220,000

Occupancy floor 67%

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

Units	Beds	Baths	Est. rent
▸ 2× units	1	1	$1,998
1× unit	2	1	$1,432
Total (3 units)			$3,430

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Listing history 39 events

1. 2026-06-18
   days on market $220,000 Active 28 DOM
2. 2026-06-17
   days on market $220,000 Active 27 DOM
3. 2026-06-16
   days on market $220,000 Active 26 DOM
4. 2026-06-15
   days on market $220,000 Active 25 DOM
5. 2026-06-13
   days on market $220,000 Active 23 DOM
6. 2026-06-10
   days on market $220,000 Active 20 DOM
7. 2026-06-09
   days on market $220,000 Active 19 DOM
8. 2026-06-08
   days on market $220,000 Active 18 DOM
9. 2026-06-07
   days on market $220,000 Active 17 DOM
10. 2026-06-05
    days on market $220,000 Active 14 DOM
11. 2026-06-03
    days on market $220,000 Active 13 DOM
12. 2026-06-03
    days on market $220,000 Active 12 DOM
13. 2026-06-01
    days on market $220,000 Active 11 DOM
14. 2026-05-31
    days on market $220,000 Active 10 DOM
15. 2026-05-13
    listed $220,000 Active
16. 2024-08-27
    historical
17. 2024-08-23
    price $205,000
18. 2024-08-19
    price $224,777
19. 2024-08-16
    price $225,000
20. 2024-07-30
    price $227,995
21. 2024-07-17
    price $229,997
22. 2024-06-25
    price $230,000
23. 2024-06-13
    listed $235,000 Active
24. 2023-12-27
    soldstatus
25. 2023-12-03
    historical $700
26. 2023-11-30
    listed $700
27. 2023-11-23
    historical $700
28. 2023-11-23
    listed $700
29. 2023-04-17
    soldstatus
30. 2023-02-21
    status Pending
31. 2022-11-29
    listed $165,000 Active
32. 2018-05-31
    historical
33. 2017-11-09
    price $99,995
34. 2017-09-29
    status Pending Accept Offers
35. 2017-09-06
    status Pending
36. 2017-05-16
    listed $105,000 Active
37. 2015-02-17
    soldstatus
38. 2014-08-19
    listed $88,950
39. 1987-04-23
    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: $5,983 · $499/mo
• Projected year-2 tax: $5,983 · $499/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 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 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $41,160
• − Mortgage interest: −$12,323
• − Property taxes: −$5,983
• − Insurance: −$1,100
• − Repairs & maintenance: −$3,293
• − Management: −$3,293
• − Depreciation: −$6,400
• Taxable income: $8,768
• Est. tax owed @ 24.0%: −$2,104
• After-tax cash flow: $9,485/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

+147.3% since first listed

25 events — show timeline

• 2026-05-13 Listed $220,000 GEPARMLS
• 2024-08-27 Listing Removed — GEPARMLS
• 2024-08-23 Price Changed $205,000 GEPARMLS
• 2024-08-19 Price Changed $224,777 GEPARMLS
• 2024-08-16 Price Changed $225,000 GEPARMLS
• 2024-07-30 Price Changed $227,995 GEPARMLS
• 2024-07-17 Price Changed $229,997 GEPARMLS
• 2024-06-25 Price Changed $230,000 GEPARMLS
• 2024-06-13 Listed $235,000 GEPARMLS
• 2023-12-27 Sold (Public Records) — Public Records
• 2023-12-03 Rental Removed $700 APPFOLIO
• 2023-11-30 Listed for Rent $700 APPFOLIO
• 2023-11-23 Rental Removed $700 APPFOLIO
• 2023-11-23 Listed for Rent $700 APPFOLIO
• 2023-04-17 Sold (Public Records) — Public Records
• 2023-02-21 Pending — GEPARMLS
• 2022-11-29 Listed $165,000 GEPARMLS
• 2018-05-31 Listing Removed — GEPARMLS
• 2017-11-09 Price Changed $99,995 GEPARMLS
• 2017-09-29 Relisted — GEPARMLS
• 2017-09-06 Pending — GEPARMLS
• 2017-05-16 Listed $105,000 GEPARMLS
• 2015-02-17 Sold (Public Records) — Public Records
• 2014-08-19 Listed $88,950 GEPARMLS
• 1987-04-23 Sold (Public Records) — Public Records

Property tax history

+10.7%/yr

Latest (2025): $5,983 · -8.6% YoY. Source: county tax records.