310 Santa Rita Dr · Odessa, TX 79763

$160,000

2 bd · 1.0 ba · 1,182 sqft · SingleFamily public records · 128 Days on market

Built 1949 7,971 sqft lot $135/sqft · 65% above area ↓ 20% 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 +27.1/30.0
• DSCR +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity! This 2-bedroom, 1-bath home offers 1,182 sq ft plus a bonus room ideal for an office or flex space. Situated on a 0.183-acre lot, the property also includes a 690 sq ft guest house with its own bedroom, living room, and bath—perfect for rental income or multigenerational living. Features include a formal dining room, ample storage, and a large parking pad. Needs some TLC but offers strong potential for investors.

Key facts

• Formal dining room
• Large parking pad
• Bonus room

Tags

• BONUS ROOM
• GUEST HOUSE
• FORMAL DINING ROOM
• LARGE PARKING PAD

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $453 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#132 in TX, #3,928 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute D+, amenities D, schools F.
• Ector County ISD (urban): math 22% / reading 27% proficiency, ranked #707 of 826 in TX (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 122 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,004 units permitted in Ector County in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($57k/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 $5k of value loss. Plan a longer hold.
• Ector County population projected at +78% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $40k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — 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. 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 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: 1.14% ✓
• Cap rate: 9.69%
• Cash-on-cash: 12.12%
• DSCR: 1.54
• GRM: 7.3

CMA / ARV

• ARV (median comp): $96,686
• List price: $160,000
• Delta: 65.48%
• Verdict: OVERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 1.7%
• Equity multiple: 1.06×
• Total profit: $2,855
• Equity at exit: $23,857

10-year hold

• IRR: 11.2%
• Equity multiple: 1.88×
• Total profit: $39,416
• Equity at exit: $13,834

Cash invested: $44,800 (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 79763

• Active inventory: 122
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,818 high
• Mortgage (P&I): −$839
• Tax from tax record: −$78 /mo · $933/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $453

Break-even live

Break-even rent $1,245

Max offer price $160,000

Occupancy floor 70%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 Santa Rita Dr Odessa, TX	3.0	2.0	1438	$2,400	$1.67	43d	1	0.22mi
1101 W 19th St Unit 1 Odessa, TX	1.0	1.0	700	$1,000	$1.43	43d	1	0.28mi
2439 W 15th St Odessa, TX	3.0	2.0	1175	$1,500	$1.28	13d	1	0.62mi
1322 Harless Ave Unit 1 Odessa, TX	2.0	1.5	1200	$1,700	$1.42	43d	1	0.66mi
1318 Harless Ave Odessa, TX	2.0	1.5	1200	$1,600	$1.33	21d	1	0.66mi
715 N Kelly Ave Odessa, TX	2.0	1.0	1170	$2,000	$1.71	21d	1	0.70mi
2 Star Cir Odessa, TX	3.0	2.0	1377	$2,200	$1.60	13d	1	0.74mi
1604 N Sam Houston Ave Odessa, TX	2.0	1.0	1142	$2,000	$1.75	43d	1	0.80mi
1322 N Lincoln Ave Odessa, TX	3.0	1.0	1218	$2,200	$1.81	43d	1	0.90mi
1322 N Lincoln Ave Odessa, TX	3.0	1.0	1218	$2,100	$1.72	21d	1	0.90mi
401 Lasseter Ave Odessa, TX	1.0	1.0	900	$950	$1.06	21d	1	0.94mi
1501 N Texas Ave Unit A Odessa, TX	2.0	1.0	925	$1,450	$1.57	13d	1	1.06mi
1315 N Jackson Ave Odessa, TX	3.0	2.0	1216	$1,500	$1.23	13d	1	1.16mi
1220 Adams Ave Unit 3 Odessa, TX	3.0	1.0	895	$1,450	$1.62	43d	1	1.50mi

Listing history 21 events

1. 2026-06-19
   days on market $160,000 Active 128 DOM
2. 2026-06-18
   days on market $160,000 Active 127 DOM
3. 2026-06-17
   days on market $160,000 Active 126 DOM
4. 2026-06-16
   days on market $160,000 Active 125 DOM
5. 2026-06-15
   days on market $160,000 Active 124 DOM
6. 2026-06-14
   days on market $160,000 Active 122 DOM
7. 2026-06-13
   days on market $160,000 Active 121 DOM
8. 2026-06-10
   days on market $160,000 Active 119 DOM
9. 2026-06-09
   days on market $160,000 Active 118 DOM
10. 2026-06-08
    days on market $160,000 Active 117 DOM
11. 2026-06-07
    days on market $160,000 Active 116 DOM
12. 2026-06-03
    days on market $160,000 Active 111 DOM
13. 2026-06-01
    days on market $160,000 Active 110 DOM
14. 2026-05-31
    days on market $160,000 Active 109 DOM
15. 2026-05-30
    days on market $160,000 Active 108 DOM
16. 2026-05-06
    price $160,000 452-char remark

    Show marketing remark (452 chars)

    Great investment opportunity! This 2-bedroom, 1-bath home offers 1,182 sq ft plus a bonus room ideal for an office or flex space. Situated on a 0.183-acre lot, the property also includes a 690 sq ft guest house with its own bedroom, living room, and bath—perfect for rental income or multigenerational living. Features include a formal dining room, ample storage, and a large parking pad. Needs some TLC but offers strong potential for investors.

17. 2026-05-05
    price $160,000 452-char remark

    Show marketing remark (452 chars)

    Great investment opportunity! This 2-bedroom, 1-bath home offers 1,182 sq ft plus a bonus room ideal for an office or flex space. Situated on a 0.183-acre lot, the property also includes a 690 sq ft guest house with its own bedroom, living room, and bath—perfect for rental income or multigenerational living. Features include a formal dining room, ample storage, and a large parking pad. Needs some TLC but offers strong potential for investors.

18. 2026-04-03
    price $175,000 452-char remark

    Show marketing remark (452 chars)

    Great investment opportunity! This 2-bedroom, 1-bath home offers 1,182 sq ft plus a bonus room ideal for an office or flex space. Situated on a 0.183-acre lot, the property also includes a 690 sq ft guest house with its own bedroom, living room, and bath—perfect for rental income or multigenerational living. Features include a formal dining room, ample storage, and a large parking pad. Needs some TLC but offers strong potential for investors.

19. 2026-03-21
    price $175,000 452-char remark

    Show marketing remark (452 chars)

    Great investment opportunity! This 2-bedroom, 1-bath home offers 1,182 sq ft plus a bonus room ideal for an office or flex space. Situated on a 0.183-acre lot, the property also includes a 690 sq ft guest house with its own bedroom, living room, and bath—perfect for rental income or multigenerational living. Features include a formal dining room, ample storage, and a large parking pad. Needs some TLC but offers strong potential for investors.

20. 2026-02-11
    listed $200,000 Active 452-char remark

    Show marketing remark (452 chars)

    Great investment opportunity! This 2-bedroom, 1-bath home offers 1,182 sq ft plus a bonus room ideal for an office or flex space. Situated on a 0.183-acre lot, the property also includes a 690 sq ft guest house with its own bedroom, living room, and bath—perfect for rental income or multigenerational living. Features include a formal dining room, ample storage, and a large parking pad. Needs some TLC but offers strong potential for investors.

21. 2026-02-11
    listed $200,000 Active 452-char remark

    Show marketing remark (452 chars)

    Great investment opportunity! This 2-bedroom, 1-bath home offers 1,182 sq ft plus a bonus room ideal for an office or flex space. Situated on a 0.183-acre lot, the property also includes a 690 sq ft guest house with its own bedroom, living room, and bath—perfect for rental income or multigenerational living. Features include a formal dining room, ample storage, and a large parking pad. Needs some TLC but offers strong potential for investors.

ⓘ 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: $933 · $78/mo
• Projected year-2 tax: $2,928 · $244/mo
• Expected delta: +$1,995/yr (+$166/mo · 213.8%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,815
• − Mortgage interest: −$8,962
• − Property taxes: −$933
• − Insurance: −$800
• − Repairs & maintenance: −$1,745
• − Management: −$1,745
• − Depreciation: −$4,655
• Taxable income: $2,974
• Est. tax owed @ 24.0%: −$714
• After-tax cash flow: $4,718/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: Ector County ISD
• NCES district ID: 4818000
• Math proficiency: 22% ▼ -9.00%
• Reading proficiency: 27% ▼ -4.00%
• Median HH income: $52,740
• Composite: 21.89/100
• National rank: #8233
• State rank: #707 of 826 in TX

Livability — Odessa

• Score: 75/100
• State rank: #132
• US rank: #3928

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Odessa, TX
• County: Ector County · 131,169 people
• City population: 131,169
• Metro: Odessa, TX
• Population (ZIP): 35,174
• Household income: $56,877
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 842.0

Population outlook (Ector County) Hauer SSP2

• Today (2025): 212,765 people
• By 2030: 241,962 · +13.7%
• By 2040: 306,582 · +44.1%
• By 2050: 379,755 · +78.5%
• By 2075: 568,991 · +167.4%
• By 2100: 709,829 · +233.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (76%)
• Race & ethnicity: Hispanic / Latino 76% Two or more races 24% White 19% Black 2%
• Hispanic origin (detail): Mexican 72%
• Common ancestry: Lithuanian 1% Slovak 1%
• Foreign-born: 22% · Canada
• Languages at home: 39% English-only · Spanish 60%

Political lean MEDSL · Ector

• 2024 margin: Solid R (+52.9) · D 23.2% · R 76.1%
• 2008→2024 swing: -4.9pp toward R · 2008: -48.0pp · 2024: -52.9pp
• All cycles: 2024: R+52.9 2020: R+47.8 2016: R+40.6 2012: R+48.9 2008: R+48.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -213.81%
• Current HPI: 254.9773
• Rent YoY: —
• Metro: Odessa, 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

-20.0% since first listed

6 events — show timeline

• 2026-05-06 Price Changed $160,000 ODMLS
• 2026-05-05 Price Changed $160,000 PBBOR
• 2026-04-03 Price Changed $175,000 ODMLS
• 2026-03-21 Price Changed $175,000 PBBOR
• 2026-02-11 Listed $200,000 ODMLS
• 2026-02-11 Listed $200,000 PBBOR

Property tax history

-5.0%/yr

Latest (2025): $933 · +18.3% YoY. Source: county tax records.