Mulberry Court
2113 E 9th St
Odessa, TX 79761
PRICE: $210,000
UNIT MIX: 1 bd (16)
MARKET RENT: $850 per month
OCCUPANCY: Vacant
After Repair Value: $640,000
EST REPAIR COSTS: $5000 x 16 units = $80,000
“ALL-IN”PRICE W/REPAIRS: $290,000
SHORT-TERM BRIDGE LOAN TERMS: $290,000 @7% interest, no pre-pay penalty, 36 months
LTV: 45%
UNEMPLOYMENT RATE: 3% (Sept 2014)
POPULATION
City: 110,720
Metro (Midland-Odessa): 266,000
QUICK SUMMARY ON ODESSA
#
Top Employers
# of
employees
1
Ector County Independent School District
3,317
2
Medical Center Hospital
1,598
3
Saulsbury Industries
1,350
4
Halliburton
997
5
Odessa Regional Medical Center
900
6
Walmart
895
7
City of Odessa
833
8
Ector County
659
9
Nurses Unlimited
584
10
Weatherford
510
Historical population growth
Census
Pop.
%±
1930
2,407
—
1940
9,573
297.7%
1950
29,495
208.1%
1960
80,338
172.4%
1970
78,380
−2.4%
1980
90,027
14.9%
1990
89,699
−0.4%
2000
90,943
1.4%
2010
99,940
9.9%
Est. 2012
