124 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
Investment property for sale in Odem at 124 Speargrass Lane, Odem, TX, 78370 offers a 6.83% rental yield on a $230,999 purchase with $1,314/mo rent. 75% in year one. Equity gained on principal adds $1,491/yr while 5% annual appreciation supports $63,821 over five years. Portfolio math shows five-year ROI at 76.41% and total cumulative return in cash at $58,508. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,314/mo property income against a $1,131/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
4,791 sqft lot
$N/A/sqft
No 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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