1209 W 24th StOdessaTX79763
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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
Investment property for sale in Odessa at 1209 W 24th St, Odessa, TX, 79763 listed at $197,500 pairs $1,920/mo rent with a $967/mo payment to leave $515/mo cash flow. Total monthly income runs $1,920/mo, and annual cash flow reaches $6,183/yr on $65,471 cash to close. Return on cash invested measures 29.35% in year one, and rental yield registers 11.67% at a $197,500 basis. Equity gained on principal adds $1,274/yr, and annual property appreciation at 5% supports $54,566 by year five. Five-year ROI tracks 154.75% and total cumulative return in cash totals $101,319. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,920/mo property income relative to a $967/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79763, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,731 (100%) |
| Owner Occupied HU | 9,180 (58.4%) |
| Renter Occupied HU | 4,348 (27.6%) |
| Vacant Housing Units | 2,203 (14.0%) |
| Median Home Value | $153,656 |
| Average Home Value | $222,108 |
Housing Distribution
Address Breakdown
Residential
14,198
Single Family
12,778
Multi-Family
1,420
Businesses
808
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