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$262,000

1213 French Ave, Odessa, TX, 79761

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,833 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.09 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available

Exterior

Lot Size2,940 sqft

Building Information

Year Built1982
Garage Spaces2

Land Information

APN32660.05030.02500
Lot Number18
SubdivisionUniversity Gardens
Land UseResidential
Legal DescriptionUNIVERSITY GARDENS BLOCK 18 LOT 18
Census Tract002300
Assessed Land Value$11,260
Assessed Improvement Value$176,416
Assessment Year2025

About this property

$2000 for a 12 month lease or $1900 for a 24 month lease with an approved application. This one is a Large 2 Bedroom 2 Full Bath and 1 Half Bath. Nice quiet neighborhood. Features a fireplace, private courtyard patio, front patio, master suite, rear entry 2 car garage. Call to view all the features this home offers. 1st month's rent is pro-rated. NO Pets & NO SMOKING Allowed. Each person 18 and over will have to complete an application, criminal and credit background check.

Investor Tools

Property Icon
$262,000
Estimated Property Value
$230,400Estimated Mortgage Balance
$32,599Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,572 /month
Positive
Cash Flow Estimate:
$524 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$429/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,838
$187,676
2025
$11,260
$176,416
$187,676
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,838
$187,676

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$230,400
No
First
Feb 6, 2026
Mar 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,735
$28,265
10%
88%
$1,382/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Odessa

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1213 French Ave | Property Details | No Agent List