407 E 36th St · Odessa, TX 79762

$210,000

3 bd · 2.0 ba · 1,923 sqft · SingleFamily public records · 46 Days on market

Built 1951 7,797 sqft lot $109/sqft · 7% above area Est $195k · 7% over

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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 +18.1/30.0
• DSCR +5.7/10.0
• 1% rule +4.3/10.0
• ARV discount +4.1/15.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 3-bedroom, 2-bathroom home featuring an extra climate-controlled bonus room — perfect for an office, gym, game room, or guest space! Situated on a spacious corner lot with a great backyard, this home offers tons of potential and room to make it your own. Dishwasher and refrigerator will convey with an acceptable offer. Needs a little TLC, but it's the perfect starter home with so much to offer! Call me today to sheduele your showing!

Key facts

• 7,797 sq ft lot
• Garage
• Built 1951

Property features AI

Exterior

• Parking: 1 covered garage space (garage)
• Utilities: Public water; Public sewer; Propane service
• Home design: Single-family residential property
• Construction: Brick veneer exterior; Composition roof; Slab and pier/pillar/post foundation; Built as a residential single-family home
• Exterior features: Chain link fencing; Corner lot; Paved road access; Solar energy generation

Interior

• Kitchen: Dishwasher; Refrigerator; Electric water heater
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Shutters on windows; Wood-burning fireplace in the living room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $183 ($2k/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 $196k (6.7% below list).
• Recommended offer: $196k (6.7% below list) — sets the bar for 1% rule.

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.
• 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.
• Zoned schools: Sam Houston El (math 27% / reading 22%, grade F, #3,052 of 4,322 statewide, top 74%, 392 students, 90% FRL); Wilson & Young Medal of Honor Middle (math 14% / reading 31%, grade F, #1,341 of 1,662 statewide, top 82%, 1,245 students, 56% FRL); Permian H S (math 19% / reading 29%, grade F, #1,333 of 1,632 statewide, top 82%, 3,978 students, 51% FRL).
• Market conditions: Rents rising (+1.4%/yr); 267 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,004 units permitted in Ector County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($75k/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 $6k 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.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 27y 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: built in 1951 — 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 $195,989 (6.7% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.93% ✗
• Cap rate: 7.34%
• Cash-on-cash: 3.74%
• DSCR: 1.17
• GRM: 8.9

CMA / ARV

• ARV (median comp): $195,368
• List price: $210,000
• Delta: 7.49%
• Verdict: FAIR
• Comps: 9 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.36% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.57×
• Total profit: $-25,575
• Equity at exit: $31,312

10-year hold

• IRR: -5.6%
• Equity multiple: 0.66×
• Total profit: $-19,987
• Equity at exit: $18,157

Cash invested: $58,800 (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 79762

• Rents YoY: 1.4%
• Active inventory: 267
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,960 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$176 /mo · $2,118/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $183

Break-even live

Break-even rent $1,728

Max offer price $210,000

Occupancy floor 86%

Sensitivity live

Price	-10% $302	-5% $242	+0% $183	+5% $124	+10% $64
Rent	-10% $28	-5% $106	+0% $183	+5% $260	+10% $338
Rate	-1.0pp $289	-0.5pp $236	base $183	+0.5pp $129	+1.0pp $73

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3624 Walnut Ave Odessa, TX	3.0	1.0	1488	$1,950	$1.31	45d	1	0.51mi
237 Orchard Dr Odessa, TX	4.0	2.0	1768	$2,000	$1.13	15d	1	0.51mi
1212 E Century Ave Odessa, TX	3.0	1.0	1359	$1,300	$0.96	23d	1	0.52mi
2702 S Colonial Dr Odessa, TX	3.0	1.0	1490	$1,500	$1.01	15d	1	0.65mi
1308 Alpine St Odessa, TX	3.0	2.0	1800	$2,195	$1.22	15d	1	0.81mi
2826 Hilltop Dr Odessa, TX	4.0	2.0	1307	$2,000	$1.53	15d	1	1.02mi
3009 N Century Ave Odessa, TX	3.0	2.0	1909	$2,600	$1.36	45d	1	1.07mi
1401 E 18th St Odessa, TX	3.0	2.0	1690	$2,000	$1.18	15d	1	1.08mi
4207 Dakota Ave Odessa, TX	3.0	2.0	1904	$2,300	$1.21	45d	1	1.12mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1374	$1,800	$1.31	23d	1	1.20mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1508	$1,800	$1.19	15d	1	1.20mi
1311 E 52nd St Unit 1 Odessa, TX	3.0	2.0	1410	$1,950	$1.38	23d	1	1.35mi
2905 Byron Ave Odessa, TX	3.0	2.0	1816	$2,400	$1.32	15d	1	1.37mi
1529 E 52nd St Odessa, TX	3.0	2.0	1275	$2,200	$1.73	45d	1	1.50mi

Listing history 31 events

1. 2026-06-21
   days on market $210,000 Active 46 DOM
2. 2026-06-19
   days on market $210,000 Active 44 DOM
3. 2026-06-18
   days on market $210,000 Active 43 DOM
4. 2026-06-17
   days on market $210,000 Active 42 DOM
5. 2026-06-16
   days on market $210,000 Active 41 DOM
6. 2026-06-15
   days on market $210,000 Active 40 DOM
7. 2026-06-14
   days on market $210,000 Active 38 DOM
8. 2026-06-13
   days on market $210,000 Active 37 DOM
9. 2026-06-10
   days on market $210,000 Active 35 DOM
10. 2026-06-09
    days on market $210,000 Active 34 DOM
11. 2026-06-08
    days on market $210,000 Active 33 DOM
12. 2026-06-07
    remarks 494-char remark
13. 2026-06-07
    days on market $210,000 Active 32 DOM
14. 2026-06-03
    days on market $210,000 Active 27 DOM
15. 2026-06-01
    days on market $210,000 Active 26 DOM
16. 2026-05-31
    days on market $210,000 Active 25 DOM
17. 2026-05-30
    days on market $210,000 Active 24 DOM
18. 2026-05-06
    listed $210,000 Active 379-char remark
19. 2026-05-05
    listed $210,000 Active 468-char remark

    Show marketing remark (468 chars)

    Welcome to this charming 3-bedroom, 2-bathroom home featuring an extra climate-controlled bonus room — perfect for an office, gym, game room, or guest space! Situated on a spacious corner lot with a great backyard, this home offers tons of potential and room to make it your own. Dishwasher and refrigerator will convey with an acceptable offer. Needs a little TLC, but it's the perfect starter home with so much to offer! Call me today to sheduele your showing!

20. 2012-03-08
    soldstatus
21. 2012-03-08
    soldstatus
22. 2012-03-05
    soldstatus

    Show marketing remark (310 chars)

    Large 3 bedroom, 2 bath home with many amenities that make this house a great home! Features include a second living area with a cozy fireplace and loft, a large utility room, and a bonus room which could easily be a fourth bedroom. The kitchen has also been nicely updated. Call to make this home yours today!

23. 2011-12-12
    listed $102,500

    Show marketing remark (310 chars)

    Large 3 bedroom, 2 bath home with many amenities that make this house a great home! Features include a second living area with a cozy fireplace and loft, a large utility room, and a bonus room which could easily be a fourth bedroom. The kitchen has also been nicely updated. Call to make this home yours today!

24. 2006-03-07
    soldstatus
25. 2006-03-02
    soldstatus
26. 2006-02-07
    listed $72,500
27. 2005-09-29
    soldstatus
28. 2005-08-23
    listed $65,000
29. 2000-05-17
    soldstatus
30. 2000-05-15
    soldstatus
31. 1999-12-26
    listed $55,000

ⓘ 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: $2,118 · $176/mo
• Projected year-2 tax: $3,843 · $320/mo
• Expected delta: +$1,725/yr (+$144/mo · 81.5%)

ⓘ 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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $23,519
• − Mortgage interest: −$11,763
• − Property taxes: −$2,118
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,881
• − Management: −$1,881
• − Depreciation: −$6,109
• Taxable loss: −$1,285
• Est. tax savings @ 24.0%: +$308
• After-tax cash flow: $2,505/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): 39,927
• Household income: $75,272
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 1477.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Hispanic / Latino 52% White 38% Two or more races 22% Black 6% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 45% Cuban 3%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 68% English-only · Spanish 30%

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: ▼ -194.97%
• Current HPI: 229.6022
• Rent YoY: ▲ 1.36%
• 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

+281.8% since first listed

14 events — show timeline

• 2026-05-06 Listed $210,000 ODMLS
• 2026-05-05 Listed $210,000 PBBOR
• 2012-03-08 Sold (Public Records) — Public Records
• 2012-03-08 Sold (Public Records) — Public Records
• 2012-03-05 Sold (MLS) — ODMLS
• 2011-12-12 Listed $102,500 ODMLS
• 2006-03-07 Sold (Public Records) — Public Records
• 2006-03-02 Sold (MLS) — ODMLS
• 2006-02-07 Listed $72,500 ODMLS
• 2005-09-29 Sold (MLS) — ODMLS
• 2005-08-23 Listed $65,000 ODMLS
• 2000-05-17 Sold (Public Records) — Public Records
• 2000-05-15 Sold (MLS) — ODMLS
• 1999-12-26 Listed $55,000 ODMLS

Property tax history

-1.3%/yr

Latest (2025): $2,118 · -33.4% YoY. Source: county tax records.