1100 Smith St · Odessa, TX 79763

$214,900

3 bd · 2.0 ba · 1,594 sqft · SingleFamily public records · 42 Days on market

Built 1949 7,405 sqft lot $135/sqft · at area comps Est $209k · at est.

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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 +15.1/30.0
• ARV discount +6.2/15.0
• DSCR +4.6/10.0
• 1% rule +4.5/10.0
• 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 MLS

A MUST SEE! This is a complete restoration of a great family home in an established neighborhood. Completely rewired electrical, new plumbing, roof, windows, bathrooms & kitchen! Open floor plan with 2 living areas. Separate laundry and pantry area with rear entrance for easy access. Detached 360 sq. ft. garage/shop painted to match house. Top this off with restored original hard wood floors!

Key facts

• Centrally located
• Beautiful backyard
• 7,405 sq ft lot

Tags

• CENTRALLY LOCATED
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO DINING
• EASY ACCESS TO SCHOOLS
• EASY ACCESS TO ENTERTAINMENT
• BEAUTIFUL BACKYARD

Property features AI

Exterior

• Parking: Detached garage; Parking pad
• Utilities: Public water; Public sewer; Propane available
• Home design: Residential single-family home; Entry on main level
• Construction: Composition roof; Pillar/post/pier foundation
• Exterior features: Landscaped lot; Paved road access; Solar generation

Interior

• Kitchen: Electric range; Dishwasher
• Flooring: Carpet; Tile; Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Pantry; Window blinds
• Laundry & utility: Washer hookup; Electric water heater; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $72 ($865/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 $204k (5.0% below list).
• Recommended offer: $204k (5.0% 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: Pease El (589 students, 79% 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 71% FRL vs 56% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 122 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,004 units permitted in Ector County in 2024 (0 in 5+ unit buildings).
• This rent runs 43% 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 $1k of loan paydown is wiped out by about $6k 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 42 days — a 3% lower offer ($208k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $14k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $204,084 (5.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — 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: 0.95% ✗
• Cap rate: 6.70%
• Cash-on-cash: 1.44%
• DSCR: 1.06
• GRM: 8.8

CMA / ARV

• ARV (median comp): $208,854
• List price: $214,900
• Delta: 2.89%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -14.0%
• Equity multiple: 0.50×
• Total profit: $-30,170
• Equity at exit: $32,042

10-year hold

• IRR: -5.1%
• Equity multiple: 0.67×
• Total profit: $-20,101
• Equity at exit: $18,581

Cash invested: $60,172 (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: 122
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,041 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$324 /mo · $3,885/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $72

Break-even live

Break-even rent $1,950

Max offer price $214,900

Occupancy floor 91%

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3107 Merrill Ave Odessa, TX	4.0	2.0	1212	$1,800	$1.49	43d	1	0.46mi
3509 N Golder Ave Odessa, TX	3.0	2.0	1216	$1,700	$1.40	13d	1	0.68mi
200 Santa Rita Dr Odessa, TX	3.0	2.0	1438	$2,400	$1.67	43d	1	0.75mi
237 Orchard Dr Odessa, TX	4.0	2.0	1768	$2,000	$1.13	13d	1	0.77mi
314 Santa Rita Dr Odessa, TX	3.0	2.0	2072	$1,875	$0.90	21d	1	0.80mi
1800 W 23rd St Odessa, TX	3.0	2.5	1880	$2,650	$1.41	43d	1	0.82mi
1604 N Sam Houston Ave Odessa, TX	2.0	1.0	1142	$2,000	$1.75	43d	1	0.85mi
815 W 40th St Odessa, TX	3.0	2.0	1216	$1,800	$1.48	43d	1	0.92mi
3800 N Golder Ave Odessa, TX	3.0	2.0	1050	$1,600	$1.52	21d	1	0.92mi
1322 N Lincoln Ave Odessa, TX	3.0	1.0	1218	$2,200	$1.81	43d	1	1.06mi
1322 N Lincoln Ave Odessa, TX	3.0	1.0	1218	$2,100	$1.72	21d	1	1.06mi
1315 N Jackson Ave Odessa, TX	3.0	2.0	1216	$1,500	$1.23	13d	1	1.21mi
2 Star Cir Odessa, TX	3.0	2.0	1377	$2,200	$1.60	13d	1	1.23mi
2439 W 15th St Odessa, TX	3.0	2.0	1175	$1,500	$1.28	13d	1	1.26mi
1322 Harless Ave Unit 1 Odessa, TX	2.0	1.5	1200	$1,700	$1.42	43d	1	1.34mi
1318 Harless Ave Odessa, TX	2.0	1.5	1200	$1,600	$1.33	21d	1	1.34mi
1220 Adams Ave Unit 4 Odessa, TX	4.0	1.0	1063	$1,750	$1.65	43d	1	1.47mi
715 N Kelly Ave Odessa, TX	2.0	1.0	1170	$2,000	$1.71	21d	1	1.48mi

Listing history 22 events

1. 2026-06-19
   days on market $214,900 Active 42 DOM
2. 2026-06-18
   days on market $214,900 Active 41 DOM
3. 2026-06-17
   days on market $214,900 Active 40 DOM
4. 2026-06-16
   days on market $214,900 Active 39 DOM
5. 2026-06-15
   days on market $214,900 Active 38 DOM
6. 2026-06-14
   days on market $214,900 Active 36 DOM
7. 2026-06-13
   pricedays on market $214,900 Active 35 DOM
8. 2026-06-10
   days on market $219,000 Active 33 DOM
9. 2026-06-09
   days on market $219,000 Active 32 DOM
10. 2026-06-08
    days on market $219,000 Active 31 DOM
11. 2026-06-07
    days on market $219,000 Active 30 DOM
12. 2026-06-03
    days on market $219,000 Active 25 DOM
13. 2026-06-01
    days on market $219,000 Active 24 DOM
14. 2026-05-31
    days on market $219,000 Active 23 DOM
15. 2026-05-30
    days on market $219,000 Active 22 DOM
16. 2026-05-19
    price $219,000 351-char remark
17. 2026-05-16
    price $225,000 351-char remark
18. 2026-05-08
    listed $228,900 Active 351-char remark
19. 2017-06-08
    soldstatus
20. 2017-06-06
    soldstatus 401-char remark

    Show marketing remark (401 chars)

    A MUST SEE! This is a complete restoration of a great family home in an established neighborhood. Completely rewired electrical, new plumbing, roof, windows, bathrooms & kitchen! Open floor plan with 2 living areas. Separate laundry and pantry area with rear entrance for easy access. Detached 360 sq. ft. garage/shop painted to match house. Top this off with restored original hard wood floors!

21. 2016-05-03
    listed $135,000 401-char remark

    Show marketing remark (401 chars)

    A MUST SEE! This is a complete restoration of a great family home in an established neighborhood. Completely rewired electrical, new plumbing, roof, windows, bathrooms & kitchen! Open floor plan with 2 living areas. Separate laundry and pantry area with rear entrance for easy access. Detached 360 sq. ft. garage/shop painted to match house. Top this off with restored original hard wood floors!

22. 2015-06-26
    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: $3,885 · $324/mo
• Projected year-2 tax: $3,933 · $328/mo
• Expected delta: +$48/yr (+$4/mo · 1.2%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥101°F today · 20 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: $24,490
• − Mortgage interest: −$12,038
• − Property taxes: −$3,885
• − Insurance: −$1,074
• − Repairs & maintenance: −$1,959
• − Management: −$1,959
• − Depreciation: −$6,252
• Taxable loss: −$2,677
• Est. tax savings @ 24.0%: +$642
• After-tax cash flow: $1,507/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

+59.2% since first listed

8 events — show timeline

• 2026-06-11 Price Changed $214,900 ODMLS
• 2026-05-19 Price Changed $219,000 ODMLS
• 2026-05-16 Price Changed $225,000 ODMLS
• 2026-05-08 Listed $228,900 ODMLS
• 2017-06-08 Sold (Public Records) — Public Records
• 2017-06-06 Sold (MLS) — ODMLS
• 2016-05-03 Listed $135,000 ODMLS
• 2015-06-26 Sold (Public Records) — Public Records

Property tax history

+9.1%/yr

Latest (2025): $3,885 · +1.4% YoY. Source: county tax records.