117 Speargrass LnOdemTX78370
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.14% gross rental yield, 117 Speargrass Ln, Odem, TX, 78370 in Odem is priced for capital growth, not immediate cash flow. The $349,999 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $96,698 by year five, with $3,224/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.95) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $69,007.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 6.2% |
| Monthly Cash Flow | $(1,014) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,500 |
| Total Monthly Debt Service | $2,375 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
8,320 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78370, Odem, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,069 (100%) |
| Owner Occupied HU | 1,465 (70.8%) |
| Renter Occupied HU | 369 (17.8%) |
| Vacant Housing Units | 235 (11.4%) |
| Median Home Value | $221,886 |
| Average Home Value | $236,819 |
Housing Distribution
Address Breakdown
Residential
1,401
Single Family
1,400
Multi-Family
1
Businesses
101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 2024
8,320 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78370, Odem, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,069 (100%) |
| Owner Occupied HU | 1,465 (70.8%) |
| Renter Occupied HU | 369 (17.8%) |
| Vacant Housing Units | 235 (11.4%) |
| Median Home Value | $221,886 |
| Average Home Value | $236,819 |
Housing Distribution
Address Breakdown
Residential
1,401
Single Family
1,400
Multi-Family
1
Businesses
101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick Mostaghasi • Keller Williams Coastal Bend
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #432802
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-02-11 12:08:03 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.