3700 S County Rd 1313 Ridgewood Edition · Odessa, TX 79765

$225,000

4 bd · 3.0 ba · 2,432 sqft · Manufactured · 38 Days on market

Built 1998 0.36 ac lot $93/sqft · 39% below area Est $370k · 39% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• Livability +3.8/5.0
• Schools +3.2/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Awesome opportunity to own it all at once. The owner wants to walk away with only his RV and personal items. Everything else stays in this 2300+ sq ft. . home. It has 4 bdrm, 3 bath, 2 living areas. -with a fireplace in one. The price is for a quick sale.

Key facts

• 0.36 acre lot
• 2 parking spots
• Built 1998

Property features AI

Exterior

• Parking: Two total parking spaces; Two covered spaces; Carport
• Security: Owned security system; Smoke detectors
• Utilities: Private well water; Septic tank sewer; Propane for utilities
• Home design: Double-wide manufactured home; Single-family residence; Residential property
• Construction: Metal roof; Pillar/post/pier foundation
• Exterior features: Landscaped grounds; Paved road access; County road frontage; Solar system; Storage building; Workshop

Interior

• Kitchen: Gas range; Microwave; Dishwasher; Refrigerator; Electric water heater
• Flooring: Carpet; Vinyl
• Bathrooms: Three full bathrooms
• Heating & cooling: Central heating (natural gas); Central electric air conditioning; Thermostat
• Interior features: Pantry; Built-in bookcases; Drapes and blinds; Wood-burning fireplace; Security system (owned); Smoke detectors
• Laundry & utility: Water heater

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath manufactured listed at $225k.

Deal economics

• At list price, monthly cash flow is $839 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Recommended offer: $218k (3.0% 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.
• 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: Barbara Fasken El (math 45% / reading 43%, grade F, #1,243 of 4,322 statewide, top 29%, 886 students, 46% FRL); Alamo J H (math 23% / reading 32%, grade F, #1,156 of 1,662 statewide, top 71%, 865 students, 62% FRL); Midland H S (math 37% / reading 7%, grade F, #1,366 of 1,632 statewide, top 84%, 2,492 students, 44% FRL) — zoned schools at 51% FRL track the district average.
• Market conditions: Rents flat; 431 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 86% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,504 units permitted in Midland County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($105k/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.
• Midland County population projected at +83% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.5% rent growth), your $63k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); major wildfire risk; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $218,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
6. 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.
7. 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: 1.28% ✓
• Cap rate: 11.44%
• Cash-on-cash: 18.37%
• DSCR: 1.82
• GRM: 6.5

CMA / ARV

• ARV (median comp): $369,551
• List price: $225,000
• Delta: -39.12%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 4.2%
• Equity multiple: 1.16×
• Total profit: $9,991
• Equity at exit: $33,548

10-year hold

• IRR: 11.4%
• Equity multiple: 1.80×
• Total profit: $50,183
• Equity at exit: $19,454

Cash invested: $63,000 (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 79765

• Home prices YoY: -28.7%
• Rents YoY: 0.5%
• Active inventory: 431
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,886 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$42 /mo · $501/yr
• Insurance: −$94
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$606
• Net cashflow: $839

Break-even live

Break-even rent $1,824

Max offer price $225,000

Occupancy floor 66%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3611 El Cajon Ave Odessa, TX	4.0	2.0	2038	$3,800	$1.86	44d	1	1.22mi
7309 Bellini St Odessa, TX	4.0	2.0	2005	$3,000	$1.50	44d	1	1.33mi
7309 Raphael St Odessa, TX	3.0	2.0	1824	$3,500	$1.92	21d	1	1.36mi
1207 Old Course Rd Odessa, TX	4.0	2.5	2067	$2,450	$1.19	44d	1	1.45mi
1205 Old Course Rd Odessa, TX	3.0	2.5	1731	$2,100	$1.21	44d	1	1.46mi
7204 Donatello St Odessa, TX	3.0	2.0	1748	$2,400	$1.37	44d	1	1.47mi
7206 Raphael St Odessa, TX	3.0	2.0	1743	$2,800	$1.61	44d	1	1.49mi

Listing history 18 events

1. 2026-06-19
   days on market $225,000 Active 38 DOM
2. 2026-06-18
   days on market $225,000 Active 37 DOM
3. 2026-06-17
   days on market $225,000 Active 36 DOM
4. 2026-06-16
   days on market $225,000 Active 35 DOM
5. 2026-06-15
   days on market $225,000 Active 34 DOM
6. 2026-06-14
   days on market $225,000 Active 32 DOM
7. 2026-06-13
   days on market $225,000 Active 31 DOM
8. 2026-06-10
   days on market $225,000 Active 29 DOM
9. 2026-06-09
   days on market $225,000 Active 28 DOM
10. 2026-06-08
    days on market $225,000 Active 27 DOM
11. 2026-06-07
    days on market $225,000 Active 26 DOM
12. 2026-06-03
    days on market $225,000 Active 22 DOM
13. 2026-06-02
    days on market $225,000 Active 21 DOM
14. 2026-06-01
    days on market $225,000 Active 20 DOM
15. 2026-05-31
    days on market $225,000 Active 19 DOM
16. 2026-05-30
    days on market $225,000 Active 18 DOM
17. 2026-05-13
    listed $225,000 Active 255-char remark
18. 1995-02-15
    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: $501 · $42/mo
• Projected year-2 tax: $4,118 · $343/mo
• Expected delta: +$3,617/yr (+$301/mo · 722.2%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone A · 76% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 5/10 Major 6 d/yr ≥101°F today · 19 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: $34,630
• − Mortgage interest: −$12,603
• − Property taxes: −$501
• − Insurance: −$2,628
• − Repairs & maintenance: −$2,770
• − Management: −$2,770
• − Depreciation: −$6,545
• Taxable income: $6,812
• Est. tax owed @ 24.0%: −$1,635
• After-tax cash flow: $8,436/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 — 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

• 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 (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 0.59)
• 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 · 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: ▼ -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

2 events — show timeline

• 2026-05-13 Listed $225,000 ODMLS
• 1995-02-15 Sold (Public Records) — Public Records

Property tax history

-7.2%/yr

Latest (2025): $501 · -2.7% YoY. Source: county tax records.