700 Blackstone Ave · Odessa, TX 79763

$135,000

3 bd · 2.0 ba · 1,209 sqft · SingleFamily public records · 29 Days on market

Built 1958 7,187 sqft lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

One owner 3 bed , 2 bath with great floor plan. Needs a little TLC and updating but let's make this your home. Nice sized yard and owner is ready to sell! Call A Realtor today!

Key facts

• 7,187 sq ft lot
• Garage
• Built 1958

Property features AI

Exterior

• Parking: Detached garage
• Utilities: Public water; Public sewer; Propane on-site
• Home design: Single-family residence; Residential property
• Construction: Composition roof; Slab foundation
• Exterior features: Landscaped lot; Paved road access; Solar panels

Interior

• Kitchen: Electric range; Self-cleaning oven
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Wall-mounted cooling units
• Interior features: Electric water heater; Self-cleaning oven
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $710 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $133k (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: El Magnet At Zavala (448 students, 92% FRL); Crockett Middle (math 21% / reading 19%, grade F, #1,428 of 1,662 statewide, top 87%, 1,036 students, 66% FRL); Odessa H S (math 18% / reading 22%, grade F, #1,397 of 1,632 statewide, top 87%, 3,874 students, 68% FRL) — zoned schools average 75% FRL vs 56% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 123 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,004 units permitted in Ector County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% of the median local income ($57k/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 $933 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1958 — 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 $132,975 (1.5% below list)

Questions for the listing agent

1. Built in 1958 — 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: 1.45% ✓
• Cap rate: 12.60%
• Cash-on-cash: 22.54%
• DSCR: 2.00
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 15.4%
• Equity multiple: 1.62×
• Total profit: $23,309
• Equity at exit: $20,129

10-year hold

• IRR: 24.0%
• Equity multiple: 3.07×
• Total profit: $78,391
• Equity at exit: $11,672

Cash invested: $37,800 (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 79763

• Active inventory: 123
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,953 high
• Mortgage (P&I): −$708
• Tax from tax record: −$69 /mo · $828/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $710

Break-even live

Break-even rent $1,055

Max offer price $135,000

Occupancy floor 59%

Sensitivity live

Price	-10% $786	-5% $748	+0% $710	+5% $672	+10% $634
Rent	-10% $556	-5% $633	+0% $710	+5% $787	+10% $864
Rate	-1.0pp $778	-0.5pp $744	base $710	+0.5pp $675	+1.0pp $639

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2404 W 9th St Odessa, TX	4.0	2.0	744	$1,600	$2.15	22d	1	0.18mi
1318 Harless Ave Odessa, TX	2.0	1.5	1200	$1,600	$1.33	22d	1	0.51mi
1322 Harless Ave Unit 1 Odessa, TX	2.0	1.5	1200	$1,700	$1.42	45d	1	0.51mi
2439 W 15th St Odessa, TX	3.0	2.0	1175	$1,500	$1.28	15d	1	0.62mi
715 N Kelly Ave Odessa, TX	2.0	1.0	1170	$2,000	$1.71	22d	1	0.75mi
2 Star Cir Odessa, TX	3.0	2.0	1377	$2,200	$1.60	15d	1	0.81mi
200 Santa Rita Dr Odessa, TX	3.0	2.0	1438	$2,400	$1.67	45d	1	1.14mi

Listing history 18 events

1. 2026-06-21
   days on market $135,000 Active 29 DOM
2. 2026-06-19
   days on market $135,000 Active 27 DOM
3. 2026-06-18
   days on market $135,000 Active 26 DOM
4. 2026-06-17
   days on market $135,000 Active 25 DOM
5. 2026-06-16
   days on market $135,000 Active 24 DOM
6. 2026-06-15
   days on market $135,000 Active 23 DOM
7. 2026-06-14
   days on market $135,000 Active 21 DOM
8. 2026-06-13
   days on market $135,000 Active 20 DOM
9. 2026-06-10
   days on market $135,000 Active 18 DOM
10. 2026-06-09
    days on market $135,000 Active 17 DOM
11. 2026-06-08
    days on market $135,000 Active 16 DOM
12. 2026-06-07
    days on market $135,000 Active 15 DOM
13. 2026-06-03
    days on market $135,000 Active 10 DOM
14. 2026-06-01
    days on market $135,000 Active 9 DOM
15. 2026-05-31
    days on market $135,000 Active 8 DOM
16. 2026-05-30
    days on market $135,000 Active 7 DOM
17. 2026-05-23
    listed $135,000 Active
18. 2005-06-20
    soldstatus

ⓘ 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: $828 · $69/mo
• Projected year-2 tax: $2,470 · $206/mo
• Expected delta: +$1,643/yr (+$137/mo · 198.4%)

ⓘ 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 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $23,440
• − Mortgage interest: −$7,562
• − Property taxes: −$828
• − Insurance: −$675
• − Repairs & maintenance: −$1,875
• − Management: −$1,875
• − Depreciation: −$3,927
• Taxable income: $6,697
• Est. tax owed @ 24.0%: −$1,607
• After-tax cash flow: $6,912/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): 35,174
• Household income: $56,877
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 842.0

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: Predominantly Hispanic (76%)
• Race & ethnicity: Hispanic / Latino 76% Two or more races 24% White 19% Black 2%
• Hispanic origin (detail): Mexican 72%
• Common ancestry: Lithuanian 1% Slovak 1%
• Foreign-born: 22% · Canada
• Languages at home: 39% English-only · Spanish 60%

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: ▼ -213.81%
• Current HPI: 254.9773
• Rent YoY: —
• 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

2 events — show timeline

• 2026-05-23 Listed $135,000 ODMLS
• 2005-06-20 Sold (Public Records) — Public Records

Property tax history

-5.3%/yr

Latest (2025): $828 · +23.0% YoY. Source: county tax records.