24 Deadwood Dr · Odessa, TX 79765

$237,000

3 bd · 2.0 ba · 1,552 sqft · Other public records · 17 Days on market

Built 2022 Good condition 3,746 sqft lot

---

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 +18.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• 1% rule +5.2/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this super spacious brand new construction Townhome. This new build is the "LILY A", plan featuring an open floor plan, granite throughout, stainless appliances, white cabinets, vinyl flooring throughout, classic mirror collection, garage door opener with remote, 2 year comprehensive warranty and a 10 year home warranty. Better hurry!

Key facts

• Open floor plan
• Vinyl flooring
• White cabinets

Tags

• OPEN FLOOR PLAN
• GRANITE THROUGHOUT
• STAINLESS APPLIANCES
• WHITE CABINETS
• VINYL FLOORING
• LOW MAINTENANCE BACKYARD

Property features AI

Exterior

• Parking: Garage; Parking pad
• Utilities: Public water; Public sewer; Propane service
• Home design: Residential townhouse/condo/patio
• Construction: Composition roof; Slab foundation
• Exterior features: Landscaped yard; Cul-de-sac lot; Paved road access; Solar panels

Interior

• Kitchen: Electric range
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Water softener (rented); Home warranty included
• Laundry & utility: Washer hookup; Laundry area in garage; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $237k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $215 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $237k).
• Recommended offer: $233k (1.5% 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.
• 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: 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 flat; 431 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,004 units permitted in Ector County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 17 days — a 2% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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: major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $233,445 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.02% ✓
• Cap rate: 7.38%
• Cash-on-cash: 3.89%
• DSCR: 1.17
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.54% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.54×
• Total profit: $-30,456
• Equity at exit: $35,337

10-year hold

• IRR: -8.5%
• Equity multiple: 0.53×
• Total profit: $-31,355
• Equity at exit: $20,491

Cash invested: $66,360 (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 79765

• Home prices YoY: -28.7%
• Rents YoY: 0.5%
• Active inventory: 431
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,413 high
• Mortgage (P&I): −$1,243
• Tax from tax record: −$349 /mo · $4,189/yr
• Insurance: −$99
• HOA: −$0
• Vacancy / Maint / Mgmt: −$507
• Net cashflow: $215

Break-even live

Break-even rent $2,140

Max offer price $237,000

Occupancy floor 86%

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: $59,250
• Closing costs: $7,110
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
88 Maverick Dr Odessa, TX	3.0	2.0	1403	$2,200	$1.57	43d	1	0.10mi
1508 E 89th St Odessa, TX	4.0	2.0	2056	$2,700	$1.31	21d	1	0.31mi
1327 Masquerade Blvd Odessa, TX	3.0	2.0	1377	$2,700	$1.96	44d	1	0.39mi
1320 E 89th St Odessa, TX	3.0	2.0	1450	$2,800	$1.93	43d	1	0.50mi
1200 Cajun St Odessa, TX	3.0	2.0	1102	$2,300	$2.09	21d	1	0.55mi
1218 E 89th St Odessa, TX	3.0	2.0	1667	$2,400	$1.44	21d	1	0.60mi
1210 E 89th St Odessa, TX	3.0	2.0	1582	$2,600	$1.64	43d	1	0.64mi
1115 Canal St Odessa, TX	3.0	2.0	1833	$2,400	$1.31	43d	1	0.64mi
1102 Canal St Odessa, TX	4.0	2.0	2095	$2,600	$1.24	21d	1	0.69mi
1028 E 90th St Odessa, TX	3.0	2.0	1461	$2,145	$1.47	13d	1	0.71mi
1023 E 90th St Odessa, TX	3.0	2.0	1760	$2,500	$1.42	13d	1	0.72mi
9031 Antelope Ave Odessa, TX	3.0	2.0	1923	$2,500	$1.30	43d	1	0.82mi
915 Canal St Odessa, TX	4.0	2.0	2080	$3,100	$1.49	21d	1	0.85mi
1226 E 92nd St Odessa, TX	3.0	2.0	1526	$2,250	$1.47	13d	1	0.90mi
912 Purdue St Odessa, TX	3.0	2.0	1773	$2,400	$1.35	43d	1	0.95mi
9017 Pepper Grass Ave Odessa, TX	3.0	2.0	1778	$2,500	$1.41	43d	1	0.95mi
1025 Pine Leaf Pl Odessa, TX	3.0	2.0	1411	$2,200	$1.56	43d	1	0.96mi
908 Purdue St Odessa, TX	3.0	2.0	1480	$2,500	$1.69	43d	1	0.96mi
8633 Yale Ave Odessa, TX	3.0	2.0	1371	$2,500	$1.82	13d	1	0.99mi
8633 Yale Ave Odessa, TX	3.0	2.0	1390	$2,500	$1.80	21d	1	0.99mi
1109 Wagon Way Odessa, TX	3.0	2.0	1515	$2,400	$1.58	13d	1	1.11mi
1303 Terra Cotta St Odessa, TX	3.0	2.0	1377	$1,999	$1.45	43d	1	1.13mi
1306 E 94th St Odessa, TX	3.0	2.0	1488	$2,350	$1.58	21d	1	1.18mi
8732 Rainbow Dr Odessa, TX	3.0	2.0	1573	$2,400	$1.53	43d	1	1.27mi
800 E 92nd St Odessa, TX	3.0	2.0	2005	$2,550	$1.27	43d	1	1.28mi
900 E 96th St Odessa, TX	3.0	2.0	1644	$2,300	$1.40	43d	1	1.38mi
493 Chitalpa Dr Odessa, TX	3.0	2.0	1254	$2,500	$1.99	43d	1	1.41mi
808 E 96th St Odessa, TX	3.0	2.0	1474	$2,350	$1.59	43d	1	1.42mi
819 E 97th Ct Odessa, TX	3.0	2.0	1635	$2,350	$1.44	13d	1	1.47mi

Listing history 8 events

1. 2026-06-03
   days on market $237,000 Active 17 DOM
2. 2026-06-01
   days on market $237,000 Active 16 DOM
3. 2026-05-31
   days on market $237,000 Active 15 DOM
4. 2026-05-30
   days on market $237,000 Active 14 DOM
5. 2026-05-16
   listed $237,000 Active
6. 2023-01-24
   soldstatus Closed 356-char remark

   Show marketing remark (356 chars)

   Check out this super spacious brand new construction Townhome. This new build is the "LILY A", plan featuring an open floor plan, granite throughout, stainless appliances, white cabinets, vinyl flooring throughout, classic mirror collection, garage door opener with remote, 2 year comprehensive warranty and a 10 year home warranty. Better hurry!

7. 2022-12-14
   status Pending 356-char remark

   Show marketing remark (356 chars)

   Check out this super spacious brand new construction Townhome. This new build is the "LILY A", plan featuring an open floor plan, granite throughout, stainless appliances, white cabinets, vinyl flooring throughout, classic mirror collection, garage door opener with remote, 2 year comprehensive warranty and a 10 year home warranty. Better hurry!

8. 2022-12-09
   listed $174,950 Active 356-char remark

   Show marketing remark (356 chars)

   Check out this super spacious brand new construction Townhome. This new build is the "LILY A", plan featuring an open floor plan, granite throughout, stainless appliances, white cabinets, vinyl flooring throughout, classic mirror collection, garage door opener with remote, 2 year comprehensive warranty and a 10 year home warranty. Better hurry!

ⓘ 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: $4,189 · $349/mo
• Projected year-2 tax: $4,337 · $361/mo
• Expected delta: +$148/yr (+$12/mo · 3.5%)

ⓘ 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 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 23 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% 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: $28,950
• − Mortgage interest: −$13,276
• − Property taxes: −$4,189
• − Insurance: −$1,185
• − Repairs & maintenance: −$2,316
• − Management: −$2,316
• − Depreciation: −$6,895
• Taxable loss: −$1,226
• Est. tax savings @ 24.0%: +$294
• After-tax cash flow: $2,877/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This home is in good condition with a good condition score of 80. It has a good kitchen, bathrooms, flooring, and exterior. The home is move-in ready and has a good curb appeal.

Value-add opportunities

• Both Paint interior walls — Neutral paint may not appeal to all buyers
• Both Replace countertops with quartz or granite — Quartz or granite countertops are more durable and aesthetically pleasing
• Both Install smart home devices — Smart home devices can increase home value and appeal to tech-savvy buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Paint interior walls — Neutral paint may not appeal to all buyers ↑
• Both Replace countertops with quartz or granite — Quartz or granite countertops are more durable and aesthetically pleasing ↑
• Both Install smart home devices — Smart home devices can increase home value and appeal to tech-savvy buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 25,904
• Household income: $104,965
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 884.0

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 0.59)
• Race & ethnicity: Hispanic / Latino 49% White 41% Two or more races 15% Black 5% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 45%
• Common ancestry: Romanian 1% Slovak 1% Lithuanian 1%
• Foreign-born: 10% · Canada, China, South Korea
• Languages at home: 63% English-only · Spanish 31% German/W. Germanic 1% Tagalog/Filipino 1%

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: ▼ -69.68%
• Current HPI: 173.4252
• Rent YoY: ▲ 0.54%
• 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

+35.5% since first listed

4 events — show timeline

• 2026-05-16 Listed $237,000 ODMLS
• 2023-01-24 Sold (MLS) — ODMLS
• 2022-12-14 Pending — ODMLS
• 2022-12-09 Listed $174,950 ODMLS

Property tax history

+166.7%/yr

Latest (2025): $4,189 · +3.7% YoY. Source: county tax records.