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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Odem at 117 Speargrass Ln, Odem, TX, 78370 offers $1,500/mo rent that, after a $1,713/mo payment. Total monthly income is $1,500/mo. Return on cash invested measures 9.42% in year one, and rental yield stands at 5.14% at a $349,999 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,698 by year five. Five-year ROI records 47.94% and total cumulative return in cash reaches $55,622. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
8,320 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood data shown for ZIP Code: 78370, Odem, TX area.
| 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 |
Residential
1,401
Single Family
1,400
Multi-Family
1
Businesses
101
Date | Event | Price |
|---|---|---|
| 2024-11-11 | Price change | $349,999 |
| 2024-10-24 | Price change | $359,999 |
| 2024-10-03 | Price change | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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.
