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$319,000

1506 Cumberland Rd, Odessa, TX, 79761

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,307 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.27 / sqft
Year BuiltBuilt in 1957

About this property

A very cool mid century ranch style home! So many updates by sellers to make this move-in ready. New LVP flooring throughout installed last year, SEER 18 carrier HVAC system installed in 2020, electrical updated Dec. 2023, all appliances, interior & exterior paint, lighting & some plumbing. Formal front living + large living/kitchen area w/stacked stone fireplace. 2 dining areas plus a super cute 1/2 bath off kitchen. Lovely backyard w/covered dining space. Seller offering $6k in closing costs!

Investor Tools

$0Estimated Mortgage Balance
$123,603Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,016 /month
Positive
Cash Flow Estimate:
$672 /month

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Christina Mcmillan

Real Estate One-Christina McMillan

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$466/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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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.

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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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