1712 E 56th St · Odessa, TX 79762

$237,000

3 bd · 2.0 ba · 1,455 sqft · SingleFamily public records · 37 Days on market

Built 1979 6,229 sqft lot

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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 +15.2/30.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• Livability +3.8/5.0
• 1% rule +3.5/10.0
• 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

Cute 3 bedroom, 2 bathroom in desired area! Living room w/ updated flooring, vaulted ceiling and cozy fireplace. Informal dining and formal dining areas. Sequestered master suite. Per seller, 2017 roof. Updated windows. Nice backyard with covered patio, updated fence and storage building. Hurry! This one will go FAST!!

Key facts

• 6,229 sq ft lot
• 2 garage spots
• Built 1979

Property features AI

Exterior

• Parking: 2 total parking spaces; 2 covered spaces; 2-car garage; Parking pad
• Utilities: Public water; Public sewer; Propane service
• Home design: Residential single-family home
• Construction: Brick veneer and other exterior materials; Composition roof; Slab foundation; Built with solar features
• Exterior features: Patio; Landscaped yard; Paved road access; Storage structure on the property; Solar energy generation

Interior

• Kitchen: Gas water heater
• Flooring: Tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Pantry; Blinds; Gas log fireplace in the living room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $237k.

Deal economics

• At list price, monthly cash flow is $81 ($973/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 $202k (14.8% below list).
• Recommended offer: $202k (14.8% 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: Ireland El (math 23% / reading 23%, grade F, #3,277 of 4,322 statewide, top 77%, 446 students, 60% 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) — zoned schools at 56% FRL track the district average.
• Market conditions: Rents rising (+1.4%/yr); 267 active listings in the ZIP; 36 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 32% 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 $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 37 days — a 3% lower offer ($230k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 23y 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $201,972 (14.8% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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: 0.85% ✗
• Cap rate: 6.70%
• Cash-on-cash: 1.47%
• DSCR: 1.07
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.7%
• Equity multiple: 0.45×
• Total profit: $-36,563
• Equity at exit: $35,337

10-year hold

• IRR: -10.2%
• Equity multiple: 0.42×
• Total profit: $-38,390
• 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 79762

• Rents YoY: 1.4%
• Active inventory: 267
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,020 high
• Mortgage (P&I): −$1,243
• Tax from tax record: −$173 /mo · $2,074/yr
• Insurance: −$99
• HOA: −$0
• Vacancy / Maint / Mgmt: −$424
• Net cashflow: $81

Break-even live

Break-even rent $1,917

Max offer price $237,000

Occupancy floor 91%

Sensitivity live

Price	-10% $215	-5% $148	+0% $81	+5% $14	+10% $-53
Rent	-10% $-78	-5% $1	+0% $81	+5% $161	+10% $241
Rate	-1.0pp $200	-0.5pp $141	base $81	+0.5pp $20	+1.0pp $-43

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 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1613 E 52nd St Odessa, TX	3.0	2.0	1122	$2,200	$1.96	15d	1	0.22mi
1529 E 52nd St Odessa, TX	3.0	2.0	1275	$2,200	$1.73	45d	1	0.28mi
1710 Wrigley Dr Odessa, TX	4.0	2.0	1578	$2,800	$1.77	23d	1	0.28mi
1804 Cord St Odessa, TX	3.0	1.0	960	$1,700	$1.77	45d	1	0.40mi
1311 E 52nd St Unit 1 Odessa, TX	3.0	2.0	1410	$1,950	$1.38	23d	1	0.51mi
1813 Petroleum Dr Odessa, TX	3.0	2.0	1299	$1,700	$1.31	23d	1	0.53mi
2304 Boise Dr Odessa, TX	3.0	2.0	1717	$2,300	$1.34	23d	1	0.60mi
2230 E 52nd St Unit B1 Odessa, TX	2.0	1.5	972	$1,450	$1.49	23d	1	0.63mi
2220 E 52nd St Odessa, TX	1.0–2.0	1.0–2.5	959	$1,770	$1.85	15d	7	0.64mi
5335 N Grandview Ave Odessa, TX	1.0–2.0	1.0–2.0	792	$1,275	$1.61	45d	5	0.66mi
4425 Conley Ave Odessa, TX	3.0	1.5	1584	$2,200	$1.39	23d	1	0.72mi
3805 Wimberley St Odessa, TX	2.0	2.0	1210	$2,800	$2.31	45d	1	0.72mi
1119 E 51st St Odessa, TX	2.0	1.5	1169	$1,500	$1.28	15d	1	0.72mi
6418 Patrick Clay Dr Odessa, TX	4.0	2.0	1600	$2,800	$1.75	45d	1	0.75mi
6302 Oracle Dr Odessa, TX	3.0	2.0	1500	$2,700	$1.80	23d	1	0.76mi
6402 Oracle Dr Odessa, TX	4.0	2.0	1574	$3,000	$1.91	23d	1	0.81mi
4256 Bonham Ave Odessa, TX	3.0	2.0	1261	$1,600	$1.27	23d	1	0.90mi
4233 Bonham Ave Odessa, TX	3.0	2.0	1144	$1,600	$1.40	45d	1	0.96mi
1308 Alpine St Odessa, TX	3.0	2.0	1800	$2,195	$1.22	15d	1	1.02mi
4217 Redbud Ave Odessa, TX	3.0	1.5	1203	$2,200	$1.83	15d	1	1.03mi
6819 Ector Ave Odessa, TX	2.0	1.5	1295	$1,650	$1.27	15d	1	1.06mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	23d	17	1.09mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	15d	24	1.09mi
4312 N Dixie Blvd Unit 72C Odessa, TX	2.0	2.0	980	$1,450	$1.48	45d	1	1.12mi
4009 New Orleans Dr Odessa, TX	3.0	2.0	1838	$2,300	$1.25	45d	1	1.14mi
1202 E 42nd St Odessa, TX	3.0	1.0	1100	$1,650	$1.50	45d	1	1.14mi
3902 Englewood Cir Odessa, TX	2.0	1.5	1280	$1,445	$1.13	15d	1	1.33mi
3904 Englewood Cir Odessa, TX	2.0	1.0	1280	$1,445	$1.13	15d	1	1.34mi
3907 Englewood Cir Odessa, TX	2.0	1.5	1170	$1,395	$1.19	15d	1	1.34mi
3802 Englewood Cir Odessa, TX	2.0	1.5	1150	$1,295	$1.13	15d	1	1.36mi
3624 Walnut Ave Odessa, TX	3.0	1.0	1488	$1,950	$1.31	45d	1	1.37mi
4315 Esmond Dr Odessa, TX	1.0–2.0	1.0–2.5	839	$1,550	$1.85	23d	22	1.38mi
3824 Englewood Cir Odessa, TX	2.0	1.5	1150	$1,295	$1.13	15d	1	1.39mi
4136 E 52nd St Odessa, TX	1.0–2.0	1.0–2.5	839	$1,620	$1.93	15d	21	1.45mi
1212 E Century Ave Odessa, TX	3.0	1.0	1359	$1,300	$0.96	23d	1	1.47mi
3812 E Everglade Ave Odessa, TX	3.0	2.0	1861	$2,500	$1.34	23d	1	1.50mi

Listing history 25 events

1. 2026-06-21
   days on market $237,000 Active 37 DOM
2. 2026-06-19
   days on market $237,000 Active 35 DOM
3. 2026-06-18
   days on market $237,000 Active 34 DOM
4. 2026-06-17
   days on market $237,000 Active 33 DOM
5. 2026-06-16
   days on market $237,000 Active 32 DOM
6. 2026-06-15
   days on market $237,000 Active 31 DOM
7. 2026-06-14
   days on market $237,000 Active 29 DOM
8. 2026-06-13
   days on market $237,000 Active 28 DOM
9. 2026-06-10
   days on market $237,000 Active 26 DOM
10. 2026-06-09
    days on market $237,000 Active 25 DOM
11. 2026-06-08
    days on market $237,000 Active 24 DOM
12. 2026-06-07
    pricedays on market $237,000 Active 23 DOM
13. 2026-06-03
    days on market $240,000 Active 18 DOM
14. 2026-06-01
    days on market $240,000 Active 17 DOM
15. 2026-05-31
    days on market $240,000 Active 16 DOM
16. 2026-05-30
    days on market $240,000 Active 15 DOM
17. 2026-05-16
    status Active
18. 2026-05-15
    historical
19. 2026-05-14
    listed $240,000 Active
20. 2019-11-01
    soldstatus
21. 2019-10-31
    soldstatus 321-char remark

    Show marketing remark (321 chars)

    Cute 3 bedroom, 2 bathroom in desired area! Living room w/ updated flooring, vaulted ceiling and cozy fireplace. Informal dining and formal dining areas. Sequestered master suite. Per seller, 2017 roof. Updated windows. Nice backyard with covered patio, updated fence and storage building. Hurry! This one will go FAST!!

22. 2019-10-01
    listed $192,000 321-char remark

    Show marketing remark (321 chars)

    Cute 3 bedroom, 2 bathroom in desired area! Living room w/ updated flooring, vaulted ceiling and cozy fireplace. Informal dining and formal dining areas. Sequestered master suite. Per seller, 2017 roof. Updated windows. Nice backyard with covered patio, updated fence and storage building. Hurry! This one will go FAST!!

23. 2003-04-17
    soldstatus 134-char remark

    Show marketing remark (134 chars)

    Very nice 3/2 home. updated kitchen with all newer appliances. Nice master bedroom and bath with his/ her sinks. Nice walk in closets.

24. 2003-04-16
    soldstatus
25. 2003-02-28
    listed $74,900 134-char remark

    Show marketing remark (134 chars)

    Very nice 3/2 home. updated kitchen with all newer appliances. Nice master bedroom and bath with his/ her sinks. Nice walk in closets.

ⓘ 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: $2,074 · $173/mo
• Projected year-2 tax: $4,337 · $361/mo
• Expected delta: +$2,263/yr (+$189/mo · 109.1%)

ⓘ 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 · 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: $24,237
• − Mortgage interest: −$13,276
• − Property taxes: −$2,074
• − Insurance: −$1,185
• − Repairs & maintenance: −$1,939
• − Management: −$1,939
• − Depreciation: −$6,895
• Taxable loss: −$3,071
• Est. tax savings @ 24.0%: +$737
• After-tax cash flow: $1,710/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

+220.4% since first listed

9 events — show timeline

• 2026-05-16 Relisted — ODMLS
• 2026-05-15 Delisted — ODMLS
• 2026-05-14 Listed $240,000 ODMLS
• 2019-11-01 Sold (Public Records) — Public Records
• 2019-10-31 Sold (MLS) — ODMLS
• 2019-10-01 Listed $192,000 ODMLS
• 2003-04-17 Sold (MLS) — ODMLS
• 2003-04-16 Sold (Public Records) — Public Records
• 2003-02-28 Listed $74,900 ODMLS

Property tax history

-3.2%/yr

Latest (2025): $2,074 · -38.3% YoY. Source: county tax records.