ZIP CODE 79924 // EL PASO, TX // DATA AS OF 2026-09-30
El Paso, TX (79924) Rental Property Cap Rate & Cash Flow Report
Located in El Paso County (El Paso, TX), Zip Code 79924 ranks #46 of 500 within this selected sample (91th percentile) with a Zillow ZHVI typical home-value index of $194,573 (+3.3% YoY) and a ZORI observed market rent of $1,331/mo (+3.6% YoY). Requires at least 31.8% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$145/mo
Annual: -$1,744/yr
Modeled Cap Rate
5.17%
NOI: $10,063/yr
Cash-on-Cash Return
-3.90%
Cash Needed: $44,752
1% Rule Ratio
0.68%
Gross Yield: 8.21%
Break-Even Rent
$1,498/mo
State Tax: 1.47%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 79924 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (TX Avg 1.47%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$984/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$492/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (79924)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2023 | $177,487 | $1,195/mo | 8.08% |
| 2024 | $187,359 | $1,245/mo | 7.97% |
| 2025 | $188,415 | $1,285/mo | 8.18% |
| 2026 | $194,573 | $1,331/mo | 8.21% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 77449 Katy, TX | $264,942 | $1,809/mo | 5.16% | -$201/mo |
| 79938 El Paso, TX | $256,135 | $1,747/mo | 5.15% | -$196/mo |
| 78572 Mission, TX | $193,376 | $1,327/mo | 5.19% | -$141/mo |
| 75126 Forney, TX | $306,043 | $2,085/mo | 5.14% | -$236/mo |
| 79928 El Paso, TX | $262,067 | $1,808/mo | 5.23% | -$182/mo |
| 75040 Garland, TX | $270,233 | $1,832/mo | 5.11% | -$216/mo |