3300 Pinemont Dr · Midland, TX 79707

$300,000

3 bd · 2.0 ba · 1,680 sqft · SingleFamily public records · 7 Days on market

Built 2002 7,579 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 +12.0/30.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.6/5.0
• DSCR +3.5/10.0
• 1% rule +3.4/10.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Open-concept 3-bed, 2-bath home combine with many windows to create a bright and airy living area accentuated by the tall ceiling. Wood-look vinyl flooring throughout the home. Plenty of storage spot through smart use of space. Good-sized yard with a covered patio. Conveniently located near dining, shopping, and park.

Key facts

• Open-concept
• Bright living area
• Plenty of storage

Tags

• OPEN-CONCEPT
• BRIGHT LIVING AREA
• TALL CEILING
• WOOD-LOOK VINYL FLOORING
• PLENTY OF STORAGE
• GOOD-SIZED YARD

Property features AI

Exterior

• Parking: 2-car garage with automatic opener
• Utilities: Public water; Public sewer
• Home design: Single family residence; Single-story
• Construction: Brick veneer exterior; Composition roof; Slab foundation; Built as residential single family
• Exterior features: Covered patio; Patio; Wood fencing; Located on a cul-de-sac

Interior

• Kitchen: Oven; Dishwasher; Disposal; Microwave; Electric range; Refrigerator
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fan(s)
• Interior features: Pantry; Wet bar; Gas log fireplace in living room
• Laundry & utility: Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-73 ($-881/yr) — negative.
• To cash-flow at today's rent, offer at most $287k (4.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $251k (16.3% below list).
• Recommended offer: $251k (16.3% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.7% in Midland — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 79/100 on livability (#57 in TX, #2,192 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: crime C-, commute D+, amenities D.
• Midland ISD (urban): math 34% / reading 36% proficiency, ranked #477 of 826 in TX (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Long El (math 36% / reading 25%, grade F, #2,464 of 4,322 statewide, top 58%, 667 students, 80% FRL); Abell J H (math 32% / reading 43%, grade F, #736 of 1,662 statewide, top 45%, 1,095 students, 46% FRL); Legacy H S (math 37% / reading 3%, grade F, #1,397 of 1,632 statewide, top 87%, 2,504 students, 41% FRL).
• Market conditions: Rents rising fast (+4.5%/yr); 314 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,504 units permitted in Midland County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($100k/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 $9k of value loss. Plan a longer hold.
• Midland County population projected at +83% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

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 $251,069 (16.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.84% ✗
• Cap rate: 6.00%
• Cash-on-cash: -1.05%
• DSCR: 0.95
• GRM: 10.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.45% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.41×
• Total profit: $-49,544
• Equity at exit: $44,731

10-year hold

• IRR: -5.8%
• Equity multiple: 0.60×
• Total profit: $-33,343
• Equity at exit: $25,939

Cash invested: $84,000 (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 79707

• Rents YoY: 4.5%
• Active inventory: 314
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,511 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$359 /mo · $4,303/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$527
• Net cashflow: $-73

Break-even live

Break-even rent $2,604

Max offer price $287,034

Occupancy floor 98%

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3226 Whittle Way Midland, TX	3.0	2.0	1850	$4,250	$2.30	21d	1	0.10mi
3306 Oakmont Dr Midland, TX	3.0	2.0	1791	$2,500	$1.40	21d	1	0.13mi
3309 Edgemont Dr Midland, TX	3.0	2.0	1600	$2,995	$1.87	21d	1	0.15mi
4800 Dentcrest Dr Midland, TX	2.0	2.0	1148	$1,999	$1.74	44d	1	0.18mi
5001 W Wadley Ave Midland, TX	1.0–3.0	1.0–2.0	1098	$2,720	$2.48	13d	17	0.18mi
4715 W Wadley Ave Midland, TX	1.0–2.0	1.0–2.5	872	$1,514	$1.74	13d	10	0.20mi
4713 Dentcrest Dr Unit A Midland, TX	2.0	2.0	1400	$3,250	$2.32	21d	1	0.22mi
4704 Dentcrest Dr Unit A Midland, TX	2.0	2.0	1500	$1,850	$1.23	44d	1	0.24mi
3002 Phillip Pl Midland, TX	3.0	2.0	1579	$2,400	$1.52	44d	1	0.35mi
3208 Elma Dr Midland, TX	3.0	2.5	1645	$2,700	$1.64	44d	1	0.35mi
3245 Preston Dr Midland, TX	3.0	2.5	1608	$2,000	$1.24	44d	1	0.37mi
3705 Dentcrest Dr Midland, TX	3.0	2.0	1402	$1,800	$1.28	13d	1	0.38mi
2913 Sunburst Dr Midland, TX	3.0	2.0	1655	$2,400	$1.45	21d	1	0.38mi
3214 Mark Ln Midland, TX	3.0	2.0	1836	$2,550	$1.39	44d	1	0.45mi
5108 Rainbow Rd Unit A Midland, TX	3.0	2.0	1406	$3,250	$2.31	44d	1	0.45mi
5244 West Loop 250 N Midland, TX	1.0–2.0	1.0–2.0	791	$1,749	$2.21	13d	34	0.48mi
3417 N Midland Dr Midland, TX	1.0–3.0	1.0–2.0	887	$1,624	$1.83	13d	13	0.48mi
5106 Rio Grande Ave Midland, TX	3.0	2.0	1924	$2,650	$1.38	44d	1	0.58mi
5117 San Antonio Ave Midland, TX	3.0	2.0	1600	$2,495	$1.56	44d	1	0.59mi
5207 San Antonio Ave Midland, TX	3.0	2.0	1588	$2,200	$1.39	13d	1	0.59mi
4419 Fairgate Dr Midland, TX	2.0	2.0	1620	$1,800	$1.11	21d	1	0.59mi
5103 San Antonio Ave Midland, TX	4.0	2.0	1739	$2,900	$1.67	21d	1	0.61mi
5114 San Antonio Ave Midland, TX	3.0	2.0	1907	$3,400	$1.78	44d	1	0.62mi
5110 San Antonio Ave Midland, TX	3.0	2.0	1510	$2,600	$1.72	21d	1	0.62mi
2302 Wydewood Dr Midland, TX	3.0	2.0	1748	$2,500	$1.43	44d	1	0.71mi
3600 N Midland Dr Midland, TX	1.0–2.0	1.0–2.0	900	$1,425	$1.58	13d	9	0.71mi
5203 Canadian Ave Midland, TX	4.0	2.0	1677	$2,600	$1.55	13d	1	0.75mi
2202 Wydewood Dr Midland, TX	3.0	3.0	1854	$2,700	$1.46	13d	1	0.76mi
4425 Humble Ave Midland, TX	4.0	2.0	1466	$2,150	$1.47	13d	1	0.86mi
4425 Humble Ave Midland, TX	4.0	2.0	1466	$2,250	$1.53	21d	1	0.86mi
4805 Briarwood Ave Midland, TX	1.0–3.0	1.0–2.0	1028	$2,285	$2.22	13d	18	0.88mi
4534 Sinclair Ave Midland, TX	2.0	1.0–2.5	901	$1,904	$2.11	21d	9	0.94mi
4027 Angelina Dr Midland, TX	3.0	2.0	2228	$2,900	$1.30	13d	1	1.06mi
5200 Briarwood Ave Midland, TX	1.0–2.0	1.0–2.0	893	$2,124	$2.38	13d	24	1.07mi
3315 Godfrey St Midland, TX	1.0–3.0	1.5–4.0	1764	$2,800	$1.59	13d	8	1.10mi
1902 N Midland Dr Midland, TX	1.0–2.0	1.0–2.5	887	$1,619	$1.82	13d	40	1.13mi
5903 Frio Dr Midland, TX	3.0	2.0	1962	$3,400	$1.73	44d	1	1.21mi
5907 Frio Dr Midland, TX	3.0	2.0	1954	$3,400	$1.74	21d	1	1.23mi
1813 McDonald St Midland, TX	3.0	2.0	1680	$2,249	$1.34	44d	1	1.26mi
4600 Andrews Hwy Midland, TX	1.0–3.0	1.0–2.0	1117	$2,590	$2.32	44d	5	1.27mi

Listing history 7 events

1. 2026-06-19
   days on market $300,000 Active 7 DOM
2. 2026-06-18
   days on market $300,000 Active 6 DOM
3. 2026-06-17
   days on market $300,000 Active 5 DOM
4. 2026-06-16
   days on market $300,000 Active 4 DOM
5. 2026-06-15
   days on market $300,000 Active 3 DOM
6. 2026-06-13
   remarks 319-char remark
7. 2026-06-13
   listed $300,000 Active 1 DOM

ⓘ 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: $4,303 · $359/mo
• Projected year-2 tax: $5,490 · $458/mo
• Expected delta: +$1,187/yr (+$99/mo · 27.6%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 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: $30,128
• − Mortgage interest: −$16,805
• − Property taxes: −$4,303
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,410
• − Management: −$2,410
• − Depreciation: −$8,727
• Taxable loss: −$6,027
• Est. tax savings @ 24.0%: +$1,447
• After-tax cash flow: $566/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: Midland ISD
• NCES district ID: 4830570
• Math proficiency: 34% ▼ -7.00%
• Reading proficiency: 36% ▬ 0.00%
• Median HH income: $63,457
• Composite: 31.63/100
• National rank: #5938
• State rank: #477 of 826 in TX

Livability — Midland

• Score: 79/100
• State rank: #57
• US rank: #2192

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midland, TX
• County: Midland County · 168,494 people
• City population: 168,494
• Metro: Midland, TX
• Population (ZIP): 40,010
• Household income: $99,886
• Rent vs Own: 40.0% rent · 60.0% own
• Severe rent burden: 1919.0

Population outlook (Midland County) Hauer SSP2

• Today (2025): 220,895 people
• By 2030: 253,667 · +14.8%
• By 2040: 325,498 · +47.4%
• By 2050: 404,168 · +83.0%
• By 2075: 609,802 · +176.1%
• By 2100: 760,172 · +244.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 56% Hispanic / Latino 31% Two or more races 11% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 26% Cuban 1%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 1%
• Foreign-born: 11% · Canada, China, Philippines
• Languages at home: 79% English-only · Spanish 14% Other Asian/Pacific 2% Other Indo-European 1%

Political lean MEDSL · Midland

• 2024 margin: Solid R (+60.5) · D 19.3% · R 79.8%
• 2008→2024 swing: -3.3pp toward R · 2008: -57.3pp · 2024: -60.5pp
• All cycles: 2024: R+60.5 2020: R+56.6 2016: R+55.2 2012: R+61.5 2008: R+57.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -208.65%
• Current HPI: 198.7489
• Rent YoY: ▲ 4.45%
• Metro: Midland, 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

5 events — show timeline

• 2026-06-12 Listed $300,000 PBBOR
• 2007-06-28 Sold (Public Records) — Public Records
• 2005-03-08 Sold (Public Records) — Public Records
• 2005-03-08 Sold (Public Records) — Public Records
• 2004-04-02 Sold (Public Records) — Public Records

Property tax history

+1.2%/yr

Latest (2025): $4,303 · +0.9% YoY. Source: county tax records.