505 Jordan Ln · Odessa, TX 79766

$159,900

4 bd · 4.0 ba · 1,280 sqft · Manufactured · 465 Days on market

Built 2025 Fair condition 1.10 ac lot ↓ 16% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +7.5/10.0
• Livability +3.8/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.0/5.0

Listing remarks MLS

Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

Key facts

• 1.1 acre lot
• Listed 464 days

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath manufactured listed at $160k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $994 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% 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.
• Crane ISD (town): math 36% / reading 33% proficiency, ranked #510 of 826 in TX (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Crane El (math 30% / reading 29%, grade F, #2,525 of 4,322 statewide, top 62%, 590 students, 68% FRL); Crane Middle (math 31% / reading 31%, grade F, #1,015 of 1,662 statewide, top 62%, 258 students, 60% FRL); Crane H S (math 67% / reading 47%, grade C, #333 of 1,632 statewide, top 22%, 331 students, 55% FRL) — zoned schools average 61% FRL vs 31% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 95 active listings in the ZIP; 2 units permitted in Crane County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($1k loan paydown + $8k appreciation (4.9% local appreciation)).
• Crane County population projected at +71% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.9% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 465 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $30k (16%) 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 $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 465 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.56% ✓
• Cap rate: 13.75%
• Cash-on-cash: 26.63%
• DSCR: 2.18
• GRM: 5.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.91% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.0%
• Equity multiple: 3.22×
• Total profit: $99,259
• Equity at exit: $89,729

10-year hold

• IRR: 34.3%
• Equity multiple: 6.49×
• Total profit: $245,693
• Equity at exit: $154,133

Cash invested: $44,772 (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 79766

• Home prices YoY: 2.3%
• Active inventory: 95
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,487 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$66 /mo · $790/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$522
• Net cashflow: $994

Break-even live

Break-even rent $1,229

Max offer price $159,900

Occupancy floor 55%

Sensitivity live

Price	-10% $1,084	-5% $1,039	+0% $994	+5% $948	+10% $903
Rent	-10% $797	-5% $895	+0% $994	+5% $1,092	+10% $1,190
Rate	-1.0pp $1,074	-0.5pp $1,034	base $994	+0.5pp $952	+1.0pp $910

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-03-25
   status Active 526-char remark

   Show marketing remark (526 chars)

   Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

2. 2026-01-31
   historical 526-char remark

   Show marketing remark (526 chars)

   Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

3. 2025-10-14
   status Active 526-char remark

   Show marketing remark (526 chars)

   Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

4. 2025-10-13
   historical 526-char remark

   Show marketing remark (526 chars)

   Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

5. 2025-06-13
   status Active 526-char remark

   Show marketing remark (526 chars)

   Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

6. 2025-06-13
   price $159,900 526-char remark

   Show marketing remark (526 chars)

   Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

7. 2025-05-09
   historical 526-char remark

   Show marketing remark (526 chars)

   Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

8. 2025-04-17
   price $165,000 526-char remark

   Show marketing remark (526 chars)

   Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

9. 2025-03-23
   price $169,900 526-char remark

   Show marketing remark (526 chars)

   Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

10. 2025-02-17
    price $179,900 526-char remark

    Show marketing remark (526 chars)

    Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

11. 2025-02-02
    price $185,000 526-char remark

    Show marketing remark (526 chars)

    Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

12. 2024-11-19
    listed $189,900 Active 526-char remark

    Show marketing remark (526 chars)

    Check out this fantastic mobile home divided into 4 apartments, generating a potential rental income of * * $2,300 * * ! Situated on just over * * 1 acre * * of land, this property includes a spacious shop and abundant potential for additional income—whether that's building another home, setting up RV spaces, or exploring other opportunities. Plus, there's already * * 1 RV hookup * * available! Don't miss out on this amazing investment opportunity! Owner is also willing to owner finance with $40,000 down

13. 2024-10-28
    soldstatus
14. 2023-09-15
    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: $790 · $66/mo
• Projected year-2 tax: $2,926 · $244/mo
• Expected delta: +$2,136/yr (+$178/mo · 270.4%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥102°F today · 22 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% 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: $29,841
• − Mortgage interest: −$8,957
• − Property taxes: −$790
• − Insurance: −$800
• − Repairs & maintenance: −$2,387
• − Management: −$2,387
• − Depreciation: −$4,652
• Taxable income: $9,869
• Est. tax owed @ 24.0%: −$2,368
• After-tax cash flow: $9,554/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.

Condition & rehab AI · 9 photos

Fair 40/100 Extensive rehab

This mobile home requires extensive repairs and maintenance, including landscaping, flooring replacement, and painting. Improvements in these areas would significantly increase its resale and rental value.

Repairs flagged

• Major Landscaping — No visible landscaping or curb appeal
• Major Exterior cleaning — Dirt and debris on the ground
• Major Flooring replacement — Worn wood flooring
• Major Painting — Some discoloration on walls

Value-add opportunities

• Both Landscaping and curb appeal — Improves both resale and rental value
• Both Flooring replacement — Improves both resale and rental value
• Both Painting — Improves both resale and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Landscaping · No visible landscaping or curb appeal	Major	$15,000–50,000
Exterior cleaning · Dirt and debris on the ground	Major	$15,000–50,000
Flooring replacement · Worn wood flooring	Major	$15,000–50,000
Painting · Some discoloration on walls	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both Landscaping and curb appeal — Improves both resale and rental value ↑
• Both Flooring replacement — Improves both resale and rental value ↑
• Both Painting — Improves both resale and rental value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Crane ISD
• NCES district ID: 4815540
• Math proficiency: 36% ▲ 5.00%
• Reading proficiency: 33% ▼ -6.00%
• Median HH income: $53,897
• Composite: 30.32/100
• National rank: #6273
• State rank: #510 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

• City population: 131,169
• Population (ZIP): 10,712

Population outlook (Crane County) Hauer SSP2

• Today (2025): 6,590 people
• By 2030: 7,448 · +13.0%
• By 2040: 9,271 · +40.7%
• By 2050: 11,270 · +71.0%
• By 2075: 16,687 · +153.2%
• By 2100: 20,964 · +218.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Hispanic (68%)
• Race & ethnicity: Hispanic / Latino 68% White 25% Two or more races 24% Black 3% Native American 2%
• Hispanic origin (detail): Mexican 63% Cuban 2%
• Common ancestry: Slovak 5% Serbian 4% Lithuanian 1%
• Foreign-born: 22% · Canada, Jamaica
• Languages at home: 36% English-only · Spanish 63%

Political lean MEDSL · Crane

• 2024 margin: Solid R (+72.8) · D 13.4% · R 86.2%
• 2008→2024 swing: -17.7pp toward R · 2008: -55.0pp · 2024: -72.8pp
• All cycles: 2024: R+72.8 2020: R+66.9 2016: R+54.2 2012: R+55.3 2008: R+55.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.91%
• Current HPI: 222.3497
• Rent YoY: —
• Metro: —
• 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

-15.8% since first listed

14 events — show timeline

• 2026-03-25 Relisted — ODMLS
• 2026-01-31 Delisted — ODMLS
• 2025-10-14 Relisted — ODMLS
• 2025-10-13 Delisted — ODMLS
• 2025-06-13 Relisted — ODMLS
• 2025-06-13 Price Changed $159,900 ODMLS
• 2025-05-09 Delisted — ODMLS
• 2025-04-17 Price Changed $165,000 ODMLS
• 2025-03-23 Price Changed $169,900 ODMLS
• 2025-02-17 Price Changed $179,900 ODMLS
• 2025-02-02 Price Changed $185,000 ODMLS
• 2024-11-19 Listed $189,900 ODMLS
• 2024-10-28 Sold (Public Records) — Public Records
• 2023-09-15 Sold (Public Records) — Public Records

Property tax history

+10.4%/yr

Latest (2025): $790 · +23.6% YoY. Source: county tax records.