1200 E 43rd St · Odessa, TX 79762

$175,000

3 bd · 1.5 ba · 1,716 sqft · SingleFamily public records · 22 Days on market

Built 1955 9,147 sqft lot Est $175k · at est.

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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 +25.1/30.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• 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

Great house! Lots of room. Wood shutters through out. Workshop in backyard has carpet and electricity. There is an RV parking pad. Large yard. Automatic sprinkler system needs a few new spouts but does work. This house will not last long.

Key facts

• Extra room
• Local amenities
• Corner lot

Tags

• CORNER LOT
• EXTRA ROOM
• EASY ACCESS TO PARKS
• LOCAL AMENITIES

Property features AI

Finance

• Other: Property located in the Sherwood subdivision

Exterior

• Parking: Attached 1-car garage (covered)
• Utilities: Public water; Public sewer; Propane available
• Home design: Single-family residence; Residential property
• Construction: Brick veneer exterior; Composition roof; Slab foundation; Built with solar equipment
• Exterior features: Covered patio/porch; Corner lot; Paved road access; Solar energy

Interior

• Kitchen: Gas water heater
• Flooring: Tile flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (natural gas); Central electric air conditioning
• Interior features: Shutters on windows; No fireplace
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $389 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $172k (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: Ross El (math 22% / reading 22%, grade F, #3,333 of 4,322 statewide, top 80%, 408 students, 76% FRL); Nimitz Middle (math 29% / reading 36%, grade F, #947 of 1,662 statewide, top 58%, 1,303 students, 51% 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 59% FRL track the district average.
• Market conditions: Rents rising (+1.4%/yr); 267 active listings in the ZIP; 37 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; 1,004 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 $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.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y 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 1955 — expect roof / HVAC / electrical / plumbing capex.
• 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 $172,375 (1.5% below list)

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.11% ✓
• Cap rate: 8.96%
• Cash-on-cash: 9.53%
• DSCR: 1.42
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $175,032
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5203 Clinton Ave	0.61mi	3/2.0	1,958 (+14%)	13mo	$199,000	$102	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -3.7%
• Equity multiple: 0.86×
• Total profit: $-6,729
• Equity at exit: $26,093

10-year hold

• IRR: 4.1%
• Equity multiple: 1.28×
• Total profit: $13,509
• Equity at exit: $15,131

Cash invested: $49,000 (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 79762

• Rents YoY: 1.4%
• Active inventory: 267
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,940 high
• Mortgage (P&I): −$918
• Tax from tax record: −$153 /mo · $1,833/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$407
• Net cashflow: $389

Break-even live

Break-even rent $1,447

Max offer price $175,000

Occupancy floor 75%

Sensitivity live

Price	-10% $488	-5% $439	+0% $389	+5% $340	+10% $290
Rent	-10% $236	-5% $313	+0% $389	+5% $466	+10% $542
Rate	-1.0pp $477	-0.5pp $434	base $389	+0.5pp $344	+1.0pp $298

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1202 E 42nd St Odessa, TX	3.0	1.0	1100	$1,650	$1.50	44d	1	0.19mi
1308 Alpine St Odessa, TX	3.0	2.0	1800	$2,195	$1.22	14d	1	0.24mi
3624 Walnut Ave Odessa, TX	3.0	1.0	1488	$1,950	$1.31	44d	1	0.42mi
1119 E 51st St Odessa, TX	2.0	1.5	1169	$1,500	$1.28	14d	1	0.55mi
1212 E Century Ave Odessa, TX	3.0	1.0	1359	$1,300	$0.96	22d	1	0.55mi
4207 Dakota Ave Odessa, TX	3.0	2.0	1904	$2,300	$1.21	44d	1	0.60mi
1311 E 52nd St Unit 1 Odessa, TX	3.0	2.0	1410	$1,950	$1.38	22d	1	0.64mi
1529 E 52nd St Odessa, TX	3.0	2.0	1275	$2,200	$1.73	44d	1	0.77mi
2702 S Colonial Dr Odessa, TX	3.0	1.0	1490	$1,500	$1.01	14d	1	0.80mi
1613 E 52nd St Odessa, TX	3.0	2.0	1122	$2,200	$1.96	14d	1	0.87mi
1813 Petroleum Dr Odessa, TX	3.0	2.0	1299	$1,700	$1.31	22d	1	0.88mi
4233 Bonham Ave Odessa, TX	3.0	2.0	1144	$1,600	$1.40	44d	1	1.05mi
3009 N Century Ave Odessa, TX	3.0	2.0	1909	$2,600	$1.36	44d	1	1.05mi
4256 Bonham Ave Odessa, TX	3.0	2.0	1261	$1,600	$1.27	22d	1	1.08mi
3800 N Golder Ave Odessa, TX	3.0	2.0	1050	$1,600	$1.52	22d	1	1.10mi
4217 Redbud Ave Odessa, TX	3.0	1.5	1203	$2,200	$1.83	14d	1	1.11mi
4425 Conley Ave Odessa, TX	3.0	1.5	1584	$2,200	$1.39	22d	1	1.14mi
237 Orchard Dr Odessa, TX	4.0	2.0	1768	$2,000	$1.13	14d	1	1.14mi
4424 Conley Ave Odessa, TX	4.0	2.5	2100	$2,500	$1.19	44d	1	1.17mi
2826 Hilltop Dr Odessa, TX	4.0	2.0	1307	$2,000	$1.53	14d	1	1.19mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1374	$1,800	$1.31	22d	1	1.23mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1508	$1,800	$1.19	14d	1	1.23mi
1710 Wrigley Dr Odessa, TX	4.0	2.0	1578	$2,800	$1.77	22d	1	1.28mi
815 W 40th St Odessa, TX	3.0	2.0	1216	$1,800	$1.48	44d	1	1.32mi
2220 E 52nd St Odessa, TX	1.0–2.0	1.0–2.5	959	$1,770	$1.85	14d	7	1.32mi
2905 Byron Ave Odessa, TX	3.0	2.0	1816	$2,400	$1.32	14d	1	1.33mi
2105 Congress St Odessa, TX	4.0	2.0	1910	$2,649	$1.39	22d	1	1.35mi
3509 N Golder Ave Odessa, TX	3.0	2.0	1216	$1,700	$1.40	14d	1	1.38mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	14d	24	1.42mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	22d	17	1.42mi
3902 Englewood Cir Odessa, TX	2.0	1.5	1280	$1,445	$1.13	14d	1	1.44mi
3812 E Everglade Ave Odessa, TX	3.0	2.0	1861	$2,500	$1.34	22d	1	1.45mi
3904 Englewood Cir Odessa, TX	2.0	1.0	1280	$1,445	$1.13	14d	1	1.46mi
3907 Englewood Cir Odessa, TX	2.0	1.5	1170	$1,395	$1.19	14d	1	1.47mi
1401 E 18th St Odessa, TX	3.0	2.0	1690	$2,000	$1.18	14d	1	1.48mi
2206 Medford Ct Odessa, TX	3.0	2.0	2037	$2,350	$1.15	44d	1	1.48mi
3824 Englewood Cir Odessa, TX	2.0	1.5	1150	$1,295	$1.13	14d	1	1.48mi

Listing history 17 events

1. 2026-06-10
   days on market $175,000 Active 22 DOM
2. 2026-06-09
   days on market $175,000 Active 21 DOM
3. 2026-06-08
   days on market $175,000 Active 20 DOM
4. 2026-06-07
   days on market $175,000 Active 19 DOM
5. 2026-06-03
   days on market $175,000 Active 14 DOM
6. 2026-06-01
   days on market $175,000 Active 13 DOM
7. 2026-05-31
   days on market $175,000 Active 12 DOM
8. 2026-05-30
   days on market $175,000 Active 11 DOM
9. 2026-05-19
   listed $175,000 Active
10. 2025-01-04
    price $199,000
11. 2024-09-09
    price $210,000
12. 2006-03-14
    soldstatus
13. 2006-03-10
    soldstatus 239-char remark

    Show marketing remark (239 chars)

    Great house! Lots of room. Wood shutters through out. Workshop in backyard has carpet and electricity. There is an RV parking pad. Large yard. Automatic sprinkler system needs a few new spouts but does work. This house will not last long.

14. 2006-02-14
    listed $82,500 239-char remark

    Show marketing remark (239 chars)

    Great house! Lots of room. Wood shutters through out. Workshop in backyard has carpet and electricity. There is an RV parking pad. Large yard. Automatic sprinkler system needs a few new spouts but does work. This house will not last long.

15. 2004-06-03
    soldstatus
16. 2004-05-27
    soldstatus
17. 2004-04-20
    listed $64,500

ⓘ 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: $1,833 · $153/mo
• Projected year-2 tax: $3,202 · $267/mo
• Expected delta: +$1,369/yr (+$114/mo · 74.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (shaded) · 3% 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: $23,281
• − Mortgage interest: −$9,803
• − Property taxes: −$1,833
• − Insurance: −$875
• − Repairs & maintenance: −$1,862
• − Management: −$1,862
• − Depreciation: −$5,091
• Taxable income: $1,954
• Est. tax owed @ 24.0%: −$469
• After-tax cash flow: $4,202/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

+171.3% since first listed

9 events — show timeline

• 2026-05-19 Listed $175,000 ODMLS
• 2025-01-04 Price Changed $199,000 ODMLS
• 2024-09-09 Price Changed $210,000 ODMLS
• 2006-03-14 Sold (Public Records) — Public Records
• 2006-03-10 Sold (MLS) — ODMLS
• 2006-02-14 Listed $82,500 ODMLS
• 2004-06-03 Sold (Public Records) — Public Records
• 2004-05-27 Sold (MLS) — ODMLS
• 2004-04-20 Listed $64,500 ODMLS

Property tax history

-4.2%/yr

Latest (2025): $1,833 · -37.1% YoY. Source: county tax records.