2106 Spur Ave · Odessa, TX 79761

$215,500

4 bd · 1.0 ba · 1,381 sqft · SingleFamily public records · 82 Days on market

Built 1957 8,537 sqft lot $156/sqft · 6% below area Est $230k · 6% 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 +19.5/30.0
• ARV discount +10.4/15.0
• DSCR +6.1/10.0
• 1% rule +4.3/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

? $2,000 Buyer Incentive ? Don?t Miss Out! ? ? Move-In Ready | 3 Bed | 1 Bath | Formal Dining | Office + Laundry Room Step into this charming, updated home that perfectly blends comfort and character. Ideal for first-time buyers. ? Work from home with ease in the bonus office space, plus a convenient laundry area. ? The extra-large backyard is a blank canvas?whether you?re dreaming of a pool, workshop, or outdoor oasis, the possibilities are endless. All appliances are negotiable!

Key facts

• Extra large backyard
• 8,537 sq ft lot
• Built 1957

Tags

• EXTRA LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $216k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/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 $201k (6.9% below list).
• Recommended offer: $201k (6.9% 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, 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 soft (-0.7%/yr); 93 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,004 units permitted in Ector County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($68k/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 82 days — a 6% lower offer ($203k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y ago; this cycle's ask has dropped $40k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1957 — 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 $200,639 (6.9% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.93% ✗
• Cap rate: 7.65%
• Cash-on-cash: 4.83%
• DSCR: 1.21
• GRM: 9.0

CMA / ARV

• ARV (median comp): $230,480
• List price: $215,500
• Delta: -6.50%
• Verdict: FAIR
• Comps: 2 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	0.20mi	3/2.0 (-1)	1,460 (+6%)	14mo	$273,000	$187	60

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -12.0%
• Equity multiple: 0.58×
• Total profit: $-25,394
• Equity at exit: $32,132

10-year hold

• IRR: -7.5%
• Equity multiple: 0.58×
• Total profit: $-25,166
• Equity at exit: $18,633

Cash invested: $60,340 (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 79761

• Home prices YoY: -31.4%
• Rents YoY: -0.7%
• Active inventory: 93
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,006 high
• Mortgage (P&I): −$1,130
• Tax from tax record: −$122 /mo · $1,468/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $243

Break-even live

Break-even rent $1,699

Max offer price $215,500

Occupancy floor 83%

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: $53,875
• Closing costs: $6,465
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3616 E 30th St Odessa, TX	3.0	2.0	1436	$1,995	$1.39	43d	1	0.42mi
2801 Redbud Ave Odessa, TX	3.0	2.0	1558	$1,800	$1.16	13d	1	0.51mi
2620 Cambridge St Odessa, TX	3.0	2.0	1595	$1,950	$1.22	21d	1	0.53mi
2705 Cambridge St Odessa, TX	3.0	2.0	1456	$2,400	$1.65	21d	1	0.55mi
2905 Byron Ave Odessa, TX	3.0	2.0	1816	$2,400	$1.32	13d	1	0.74mi
3310 Tanglewood Ln Unit 1 Odessa, TX	3.0	2.5	1732	$2,200	$1.27	21d	1	0.77mi
3312 Tanglewood Ln Odessa, TX	3.0	2.5	1664	$2,000	$1.20	43d	1	0.77mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1374	$1,800	$1.31	21d	1	0.88mi
2901 Nabors Ln Odessa, TX	3.0	1.0	1508	$1,800	$1.19	13d	1	0.88mi
3812 E Everglade Ave Odessa, TX	3.0	2.0	1861	$2,500	$1.34	21d	1	0.93mi
2735 E 8th St Odessa, TX	1.0–3.0	1.0–2.0	842	$1,844	$2.19	13d	8	0.94mi
3939 Tanglewood Ln Odessa, TX	1.0–3.0	1.0–2.0	825	$1,595	$1.93	13d	9	0.99mi
2826 Hilltop Dr Odessa, TX	4.0	2.0	1307	$2,000	$1.53	13d	1	1.06mi
1513 E 11th St Odessa, TX	3.0	2.0	1728	$3,300	$1.91	43d	1	1.16mi
701 Hillcrest Ave Odessa, TX	3.0	2.0	1344	$1,400	$1.04	43d	1	1.22mi
1401 E 18th St Odessa, TX	3.0	2.0	1690	$2,000	$1.18	13d	1	1.24mi
4217 Redbud Ave Odessa, TX	3.0	1.5	1203	$2,200	$1.83	13d	1	1.37mi
4233 Bonham Ave Odessa, TX	3.0	2.0	1144	$1,600	$1.40	43d	1	1.43mi
2702 S Colonial Dr Odessa, TX	3.0	1.0	1490	$1,500	$1.01	13d	1	1.43mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	21d	17	1.46mi
3843 Penbrook St Odessa, TX	1.0–3.0	1.0–2.0	885	$1,584	$1.79	13d	24	1.46mi

Listing history 26 events

1. 2026-06-19
   days on market $215,500 Active 82 DOM
2. 2026-06-18
   days on market $215,500 Active 81 DOM
3. 2026-06-17
   days on market $215,500 Active 80 DOM
4. 2026-06-16
   days on market $215,500 Active 79 DOM
5. 2026-06-15
   days on market $215,500 Active 78 DOM
6. 2026-06-14
   days on market $215,500 Active 76 DOM
7. 2026-06-13
   days on market $215,500 Active 75 DOM
8. 2026-06-10
   days on market $215,500 Active 73 DOM
9. 2026-06-09
   days on market $215,500 Active 72 DOM
10. 2026-06-08
    pricedays on market $215,500 Active 71 DOM
11. 2026-06-07
    days on market $235,000 Active 70 DOM
12. 2026-06-03
    days on market $235,000 Active 65 DOM
13. 2026-06-01
    days on market $235,000 Active 64 DOM
14. 2026-05-31
    days on market $235,000 Active 63 DOM
15. 2026-05-30
    days on market $235,000 Active 62 DOM
16. 2026-05-01
    price $245,000 492-char remark

    Show marketing remark (492 chars)

    ? $2,000 Buyer Incentive ? Don?t Miss Out! ? ? Move-In Ready | 3 Bed | 1 Bath | Formal Dining | Office + Laundry Room Step into this charming, updated home that perfectly blends comfort and character. Ideal for first-time buyers. ? Work from home with ease in the bonus office space, plus a convenient laundry area. ? The extra-large backyard is a blank canvas?whether you?re dreaming of a pool, workshop, or outdoor oasis, the possibilities are endless. All appliances are negotiable!

17. 2026-03-29
    listed $255,000 Active 492-char remark

    Show marketing remark (492 chars)

    ? $2,000 Buyer Incentive ? Don?t Miss Out! ? ? Move-In Ready | 3 Bed | 1 Bath | Formal Dining | Office + Laundry Room Step into this charming, updated home that perfectly blends comfort and character. Ideal for first-time buyers. ? Work from home with ease in the bonus office space, plus a convenient laundry area. ? The extra-large backyard is a blank canvas?whether you?re dreaming of a pool, workshop, or outdoor oasis, the possibilities are endless. All appliances are negotiable!

18. 2009-04-27
    soldstatus
19. 2009-04-23
    soldstatus 406-char remark

    Show marketing remark (406 chars)

    MOVE IN READY 3BED 1BATH, FORMAL DINING, OFFICE-LAUNDRY ROOM, WITH LOTS OF UPDATES!! FROM 2006-2009 : NEW ROOF, CARPET, TILE, SOME WINDOWS, DOORS, CABINETS, COUNTER TOPS, SINKS, PLUMBING, TUB, TOILET, VANITY, SHOWER, ELECTRIC PANELBOX IN LAUNDRY ROOM, SENSOR LIGHTS, PATIO COVERING, NEW STORAGE BUILDING, WOODEN PLAYSET, NEW WASHER CONNECTIONS, FRESH EXTERIOR PAINT, AND SO MUCH MORE YOU HAVE TO SEE IT ALL

20. 2009-03-01
    listed $96,900 406-char remark

    Show marketing remark (406 chars)

    MOVE IN READY 3BED 1BATH, FORMAL DINING, OFFICE-LAUNDRY ROOM, WITH LOTS OF UPDATES!! FROM 2006-2009 : NEW ROOF, CARPET, TILE, SOME WINDOWS, DOORS, CABINETS, COUNTER TOPS, SINKS, PLUMBING, TUB, TOILET, VANITY, SHOWER, ELECTRIC PANELBOX IN LAUNDRY ROOM, SENSOR LIGHTS, PATIO COVERING, NEW STORAGE BUILDING, WOODEN PLAYSET, NEW WASHER CONNECTIONS, FRESH EXTERIOR PAINT, AND SO MUCH MORE YOU HAVE TO SEE IT ALL

21. 2005-11-18
    soldstatus
22. 2005-08-09
    soldstatus
23. 2005-07-14
    listed $43,900
24. 2000-10-02
    soldstatus
25. 2000-09-29
    soldstatus
26. 2000-06-18
    listed $47,700

ⓘ 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: $1,468 · $122/mo
• Projected year-2 tax: $3,944 · $329/mo
• Expected delta: +$2,476/yr (+$206/mo · 168.7%)

ⓘ 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: $24,077
• − Mortgage interest: −$12,071
• − Property taxes: −$1,468
• − Insurance: −$1,078
• − Repairs & maintenance: −$1,926
• − Management: −$1,926
• − Depreciation: −$6,269
• Taxable loss: −$661
• Est. tax savings @ 24.0%: +$159
• After-tax cash flow: $3,073/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): 30,164
• Household income: $68,228
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 1352.0

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 (67%)
• Race & ethnicity: Hispanic / Latino 67% White 23% Two or more races 20% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 61%
• Common ancestry: Slovak 1%
• Foreign-born: 18% · Canada
• Languages at home: 50% English-only · Spanish 48%

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: ▼ -116.66%
• Current HPI: 254.9159
• Rent YoY: ▼ -0.66%
• 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

+413.6% since first listed

11 events — show timeline

• 2026-05-01 Price Changed $245,000 ODMLS
• 2026-03-29 Listed $255,000 ODMLS
• 2009-04-27 Sold (Public Records) — Public Records
• 2009-04-23 Sold (MLS) — ODMLS
• 2009-03-01 Listed $96,900 ODMLS
• 2005-11-18 Sold (Public Records) — Public Records
• 2005-08-09 Sold (MLS) — ODMLS
• 2005-07-14 Listed $43,900 ODMLS
• 2000-10-02 Sold (Public Records) — Public Records
• 2000-09-29 Sold (MLS) — ODMLS
• 2000-06-18 Listed $47,700 ODMLS

Property tax history

-2.8%/yr

Latest (2025): $1,468 · -36.7% YoY. Source: county tax records.