1503 E 43rd St · Odessa, TX 79762

$145,000

3 bd · 2.0 ba · 1,365 sqft · SingleFamily public records · 37 Days on market

Built 1979 7,797 sqft lot $106/sqft · 13% below area Est $167k · 13% 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 +29.8/30.0
• ARV discount +13.5/15.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• 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 opportunity at a competitive price! This home offers a functional layout and solid bones, with plenty of potential for updates to truly make it shine. Ideal for buyers looking to personalize a space or invest in a property with upside.

Key facts

• 7,797 sq ft lot
• Parking
• Built 1979

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $141k (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, schools F.
• 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.
• Market conditions: Rents rising (+1.4%/yr); 263 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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 + 1.4% rent growth), your $41k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y ago; this cycle's ask has dropped $30k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $140,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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. 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: 10.70%
• Cash-on-cash: 15.73%
• DSCR: 1.70
• GRM: 6.5

CMA / ARV

• ARV (median comp): $167,200
• List price: $145,000
• Delta: -13.28%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 4.8%
• Equity multiple: 1.18×
• Total profit: $7,374
• Equity at exit: $21,620

10-year hold

• IRR: 12.7%
• Equity multiple: 1.94×
• Total profit: $38,055
• Equity at exit: $12,537

Cash invested: $40,600 (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: 263
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,854 high
• Mortgage (P&I): −$760
• Tax from tax record: −$111 /mo · $1,337/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $532

Break-even live

Break-even rent $1,180

Max offer price $145,000

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1308 Alpine St Odessa, TX	3.0	2.0	1800	$2,195	$1.22	13d	1	0.21mi
1202 E 42nd St Odessa, TX	3.0	1.0	1100	$1,650	$1.50	43d	1	0.36mi
4312 N Dixie Blvd Unit 72C Odessa, TX	2.0	2.0	980	$1,450	$1.48	43d	1	0.48mi
1813 Petroleum Dr Odessa, TX	3.0	2.0	1299	$1,700	$1.31	21d	1	0.52mi
3624 Walnut Ave Odessa, TX	3.0	1.0	1488	$1,950	$1.31	43d	1	0.55mi
1529 E 52nd St Odessa, TX	3.0	2.0	1275	$2,200	$1.73	43d	1	0.57mi
1804 Cord St Odessa, TX	3.0	1.0	960	$1,700	$1.77	43d	1	0.59mi
1311 E 52nd St Unit 1 Odessa, TX	3.0	2.0	1410	$1,950	$1.38	21d	1	0.60mi
1613 E 52nd St Odessa, TX	3.0	2.0	1122	$2,200	$1.96	13d	1	0.61mi
1119 E 51st St Odessa, TX	2.0	1.5	1169	$1,500	$1.28	13d	1	0.64mi
1212 E Century Ave Odessa, TX	3.0	1.0	1359	$1,300	$0.96	21d	1	0.64mi
4233 Bonham Ave Odessa, TX	3.0	2.0	1144	$1,600	$1.40	43d	1	0.68mi
4256 Bonham Ave Odessa, TX	3.0	2.0	1261	$1,600	$1.27	21d	1	0.70mi
4217 Redbud Ave Odessa, TX	3.0	1.5	1203	$2,200	$1.83	13d	1	0.75mi
4425 Conley Ave Odessa, TX	3.0	1.5	1584	$2,200	$1.39	21d	1	0.76mi
2702 S Colonial Dr Odessa, TX	3.0	1.0	1490	$1,500	$1.01	13d	1	0.83mi
2220 E 52nd St Odessa, TX	1.0–2.0	1.0–2.5	959	$1,770	$1.85	13d	7	0.97mi
2230 E 52nd St Unit B1 Odessa, TX	2.0	1.5	972	$1,450	$1.49	21d	1	0.98mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	13d	24	1.05mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	21d	17	1.05mi
3902 Englewood Cir Odessa, TX	2.0	1.5	1280	$1,445	$1.13	13d	1	1.08mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1374	$1,800	$1.31	21d	1	1.09mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1508	$1,800	$1.19	13d	1	1.09mi
5335 N Grandview Ave Odessa, TX	1.0–2.0	1.0–2.0	792	$1,275	$1.61	43d	5	1.09mi
1710 Wrigley Dr Odessa, TX	4.0	2.0	1578	$2,800	$1.77	21d	1	1.10mi
3904 Englewood Cir Odessa, TX	2.0	1.0	1280	$1,445	$1.13	13d	1	1.10mi
3907 Englewood Cir Odessa, TX	2.0	1.5	1170	$1,395	$1.19	13d	1	1.11mi
3812 E Everglade Ave Odessa, TX	3.0	2.0	1861	$2,500	$1.34	21d	1	1.12mi
3824 Englewood Cir Odessa, TX	2.0	1.5	1150	$1,295	$1.13	13d	1	1.12mi
2826 Hilltop Dr Odessa, TX	4.0	2.0	1307	$2,000	$1.53	13d	1	1.13mi
2905 Byron Ave Odessa, TX	3.0	2.0	1816	$2,400	$1.32	13d	1	1.14mi
3802 Englewood Cir Odessa, TX	2.0	1.5	1150	$1,295	$1.13	13d	1	1.14mi
3805 Wimberley St Odessa, TX	2.0	2.0	1210	$2,800	$2.31	43d	1	1.19mi
2304 Boise Dr Odessa, TX	3.0	2.0	1717	$2,300	$1.34	21d	1	1.22mi
3727 Andrews Hwy Odessa, TX	1.0–2.0	1.0–2.0	800	$1,350	$1.69	13d	18	1.24mi
1409 E 23rd St Odessa, TX	2.0	1.0	1032	$2,400	$2.33	43d	1	1.32mi
2801 Redbud Ave Odessa, TX	3.0	2.0	1558	$1,800	$1.16	13d	1	1.35mi
4315 Esmond Dr Odessa, TX	1.0–2.0	1.0–2.5	839	$1,550	$1.85	21d	22	1.44mi
3800 N Golder Ave Odessa, TX	3.0	2.0	1050	$1,600	$1.52	21d	1	1.46mi
237 Orchard Dr Odessa, TX	4.0	2.0	1768	$2,000	$1.13	13d	1	1.48mi

Listing history 18 events

1. 2026-06-14
   days on market $145,000 Active 37 DOM
2. 2026-06-13
   days on market $145,000 Active 36 DOM
3. 2026-06-10
   days on market $145,000 Active 34 DOM
4. 2026-06-09
   days on market $145,000 Active 33 DOM
5. 2026-06-08
   days on market $145,000 Active 32 DOM
6. 2026-06-07
   pricedays on market $145,000 Active 31 DOM
7. 2026-06-03
   days on market $150,000 Active 26 DOM
8. 2026-06-01
   days on market $150,000 Active 25 DOM
9. 2026-05-31
   days on market $150,000 Active 24 DOM
10. 2026-05-30
    days on market $150,000 Active 23 DOM
11. 2026-05-15
    status Active 241-char remark

    Show marketing remark (241 chars)

    Great opportunity at a competitive price! This home offers a functional layout and solid bones, with plenty of potential for updates to truly make it shine. Ideal for buyers looking to personalize a space or invest in a property with upside.

12. 2026-05-15
    price $165,000 241-char remark

    Show marketing remark (241 chars)

    Great opportunity at a competitive price! This home offers a functional layout and solid bones, with plenty of potential for updates to truly make it shine. Ideal for buyers looking to personalize a space or invest in a property with upside.

13. 2026-02-25
    historical 241-char remark

    Show marketing remark (241 chars)

    Great opportunity at a competitive price! This home offers a functional layout and solid bones, with plenty of potential for updates to truly make it shine. Ideal for buyers looking to personalize a space or invest in a property with upside.

14. 2026-02-17
    listed $175,000 Active 241-char remark

    Show marketing remark (241 chars)

    Great opportunity at a competitive price! This home offers a functional layout and solid bones, with plenty of potential for updates to truly make it shine. Ideal for buyers looking to personalize a space or invest in a property with upside.

15. 2015-01-20
    soldstatus
16. 2015-01-15
    soldstatus 95-char remark

    Show marketing remark (95 chars)

    Cute 3 bedroom, 2 bath, manual ss for front, open patio, 2 storage buildings. Great location!!!

17. 2014-11-25
    listed $120,000 95-char remark

    Show marketing remark (95 chars)

    Cute 3 bedroom, 2 bath, manual ss for front, open patio, 2 storage buildings. Great location!!!

18. 2006-09-05
    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: $1,337 · $111/mo
• Projected year-2 tax: $2,654 · $221/mo
• Expected delta: +$1,316/yr (+$110/mo · 98.4%)

ⓘ 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 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: $22,244
• − Mortgage interest: −$8,122
• − Property taxes: −$1,337
• − Insurance: −$725
• − Repairs & maintenance: −$1,780
• − Management: −$1,780
• − Depreciation: −$4,218
• Taxable income: $4,283
• Est. tax owed @ 24.0%: −$1,028
• After-tax cash flow: $5,358/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

+37.5% since first listed

8 events — show timeline

• 2026-05-15 Relisted — ODMLS
• 2026-05-15 Price Changed $165,000 ODMLS
• 2026-02-25 Delisted — ODMLS
• 2026-02-17 Listed $175,000 ODMLS
• 2015-01-20 Sold (Public Records) — Public Records
• 2015-01-15 Sold (MLS) — ODMLS
• 2014-11-25 Listed $120,000 ODMLS
• 2006-09-05 Sold (Public Records) — Public Records

Property tax history

-4.4%/yr

Latest (2025): $1,337 · -40.4% YoY. Source: county tax records.