118 Speargrass LaneOdemTX78370
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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
Investment Highlights
Rental property for sale in Odem at 118 Speargrass Lane, Odem, TX, 78370 priced at $258,999 converts $1,500/mo rent into after a $1,268/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints 14.78% in year one, and rental yield reads 6.95% against a $258,999 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 76.65% and total cumulative return in cash sums $65,811. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 2024
4,791 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
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Listed by: Christopher Marti • Marti Realty Group
Mls Name: LERA MLS
Mls Provider:
Mls ID: #1895547
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.