3419 Clearmont Ave · Odessa, TX 79762

$174,900

3 bd · 2.0 ba · 1,717 sqft · SingleFamily public records · 52 Days on market

Built 1958 8,145 sqft lot $102/sqft · 18% below area Est $213k · 18% under

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Why this score? — see what drove the C+ 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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +6.3/10.0
• 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

Amazing Investor or starter home opportunity under $200,000!! Cash or conventional financing only. Home is being sold as is and is priced to move! Go show today before it's gone!

Key facts

• 8,145 sq ft lot
• Garage
• Built 1958

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $255 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $170k (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).
• This rent runs 32% of the median local income ($75k/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 $5k 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 52 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $25k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,653 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 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 1958 — 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: 1.13% ✓
• Cap rate: 8.05%
• Cash-on-cash: 6.26%
• DSCR: 1.28
• GRM: 7.4

CMA / ARV

• ARV (median comp): $212,752
• List price: $174,900
• Delta: -17.79%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2601 Halifax Ave	0.50mi	3/2.0	1,460 (-15%)	14mo	$273,000	$187	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -8.6%
• Equity multiple: 0.69×
• Total profit: $-15,192
• Equity at exit: $26,078

10-year hold

• IRR: -1.5%
• Equity multiple: 0.90×
• Total profit: $-4,667
• Equity at exit: $15,122

Cash invested: $48,972 (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: 7.4×

Monthly cashflow live

• Estimated rent: $1,980 high
• Mortgage (P&I): −$917
• Tax from tax record: −$318 /mo · $3,822/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $255

Break-even live

Break-even rent $1,656

Max offer price $174,900

Occupancy floor 82%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3420 Fairlane Ave Odessa, TX	3.0	2.0	2164	$2,100	$0.97	21d	1	0.05mi
2801 Redbud Ave Odessa, TX	3.0	2.0	1558	$1,800	$1.16	13d	1	0.24mi
2608 Cumberland Rd Odessa, TX	2.0	2.0	1404	$1,500	$1.07	13d	1	0.33mi
2905 Byron Ave Odessa, TX	3.0	2.0	1816	$2,400	$1.32	13d	1	0.36mi
3616 E 30th St Odessa, TX	3.0	2.0	1436	$1,995	$1.39	43d	1	0.37mi
3812 E Everglade Ave Odessa, TX	3.0	2.0	1861	$2,500	$1.34	21d	1	0.43mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1374	$1,800	$1.31	21d	1	0.54mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1508	$1,800	$1.19	13d	1	0.54mi
3916 Boulder Ave Odessa, TX	3.0	2.0	1935	$2,100	$1.09	21d	1	0.58mi
3824 Englewood Cir Odessa, TX	2.0	1.5	1150	$1,295	$1.13	13d	1	0.62mi
3009 N Century Ave Odessa, TX	3.0	2.0	1909	$2,600	$1.36	43d	1	0.64mi
3902 Englewood Cir Odessa, TX	2.0	1.5	1280	$1,445	$1.13	13d	1	0.67mi
3904 Englewood Cir Odessa, TX	2.0	1.0	1280	$1,445	$1.13	13d	1	0.68mi
3310 Tanglewood Ln Unit 1 Odessa, TX	3.0	2.5	1732	$2,200	$1.27	21d	1	0.68mi
3312 Tanglewood Ln Odessa, TX	3.0	2.5	1664	$2,000	$1.20	43d	1	0.68mi
1709 Byron Ave Odessa, TX	3.0	2.0	1981	$1,975	$1.00	43d	1	0.68mi
3907 Englewood Cir Odessa, TX	2.0	1.5	1170	$1,395	$1.19	13d	1	0.69mi
3802 Englewood Cir Odessa, TX	2.0	1.5	1150	$1,295	$1.13	13d	1	0.70mi
1706 Emerald Ave Odessa, TX	3.0	2.0	1992	$2,500	$1.26	43d	1	0.71mi
2826 Hilltop Dr Odessa, TX	4.0	2.0	1307	$2,000	$1.53	13d	1	0.80mi
4217 Redbud Ave Odessa, TX	3.0	1.5	1203	$2,200	$1.83	13d	1	0.83mi
4233 Bonham Ave Odessa, TX	3.0	2.0	1144	$1,600	$1.40	43d	1	0.89mi
4256 Bonham Ave Odessa, TX	3.0	2.0	1261	$1,600	$1.27	21d	1	0.97mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	13d	24	0.98mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	21d	17	0.98mi
2511 Beechwood St Odessa, TX	3.0	2.0	2200	$2,595	$1.18	13d	1	1.03mi
2702 S Colonial Dr Odessa, TX	3.0	1.0	1490	$1,500	$1.01	13d	1	1.06mi
4207 Dakota Ave Odessa, TX	3.0	2.0	1904	$2,300	$1.21	43d	1	1.06mi
2620 Cambridge St Odessa, TX	3.0	2.0	1595	$1,950	$1.22	21d	1	1.08mi
2705 Cambridge St Odessa, TX	3.0	2.0	1456	$2,400	$1.65	21d	1	1.09mi
1401 E 18th St Odessa, TX	3.0	2.0	1690	$2,000	$1.18	13d	1	1.14mi
4315 Esmond Dr Odessa, TX	1.0–2.0	1.0–2.5	839	$1,550	$1.85	21d	22	1.15mi
4425 Conley Ave Odessa, TX	3.0	1.5	1584	$2,200	$1.39	21d	1	1.20mi
4424 Conley Ave Odessa, TX	4.0	2.5	2100	$2,500	$1.19	43d	1	1.20mi
1212 E Century Ave Odessa, TX	3.0	1.0	1359	$1,300	$0.96	21d	1	1.23mi
1513 E 11th St Odessa, TX	3.0	2.0	1728	$3,300	$1.91	43d	1	1.28mi
3624 Walnut Ave Odessa, TX	3.0	1.0	1488	$1,950	$1.31	43d	1	1.31mi
1813 Petroleum Dr Odessa, TX	3.0	2.0	1299	$1,700	$1.31	21d	1	1.32mi
1308 Alpine St Odessa, TX	3.0	2.0	1800	$2,195	$1.22	13d	1	1.33mi
1334 Tanglewood Ln Odessa, TX	2.0	2.0	2200	$2,000	$0.91	13d	1	1.34mi

Listing history 13 events

1. 2026-06-09
   days on market $174,900 Active 52 DOM
2. 2026-06-08
   days on market $174,900 Active 51 DOM
3. 2026-06-07
   days on market $174,900 Active 50 DOM
4. 2026-06-03
   days on market $174,900 Active 45 DOM
5. 2026-06-01
   days on market $174,900 Active 44 DOM
6. 2026-06-01
   remarks 211-char remark
7. 2026-06-01
   price $174,900 Active 43 DOM
8. 2026-05-31
   days on market $199,900 Active 43 DOM
9. 2026-05-30
   days on market $199,900 Active 42 DOM
10. 2026-04-18
    listed $199,900 Active 178-char remark

    Show marketing remark (178 chars)

    Amazing Investor or starter home opportunity under $200,000!! Cash or conventional financing only. Home is being sold as is and is priced to move! Go show today before it's gone!

11. 2012-06-21
    soldstatus
12. 2012-06-20
    soldstatus 57-char remark

    Show marketing remark (57 chars)

    Beautiful yard with covered patio and cinder block fence.

13. 2012-05-22
    listed $108,500 57-char remark

    Show marketing remark (57 chars)

    Beautiful yard with covered patio and cinder block fence.

ⓘ 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: $3,822 · $318/mo
• Projected year-2 tax: $3,822 · $318/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low
• 🌡 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: $23,758
• − Mortgage interest: −$9,797
• − Property taxes: −$3,822
• − Insurance: −$874
• − Repairs & maintenance: −$1,901
• − Management: −$1,901
• − Depreciation: −$5,088
• Taxable income: $375
• Est. tax owed @ 24.0%: −$90
• After-tax cash flow: $2,976/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

+84.2% since first listed

4 events — show timeline

• 2026-04-18 Listed $199,900 ODMLS
• 2012-06-21 Sold (Public Records) — Public Records
• 2012-06-20 Sold (MLS) — ODMLS
• 2012-05-22 Listed $108,500 ODMLS

Property tax history

+2.5%/yr

Latest (2025): $3,822 · +7.8% YoY. Source: county tax records.