1306 Castle RdOdessaTX79762
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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 1306 Castle Rd, Odessa, TX, 79762 uses $45,382 cash to close to unlock $665/yr annual cash flow and $55/mo monthly cash flow. Total monthly income runs $1,080/mo, and a $670/mo payment keeps the spread at $55/mo. Purchase price stands at $136,900, and rental yield measures 9.47% with $1,080/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $37,823 over five years. Five-year ROI reaches 112.45% and total cumulative return in cash records $51,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $670/mo payment rather than investor’s personal income.
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79762, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,387 (100%) |
| Owner Occupied HU | 10,111 (58.2%) |
| Renter Occupied HU | 5,099 (29.3%) |
| Vacant Housing Units | 2,177 (12.5%) |
| Median Home Value | $238,689 |
| Average Home Value | $263,967 |
Housing Distribution
Address Breakdown
Residential
17,507
Single Family
12,738
Multi-Family
4,769
Businesses
1,191
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Listed by: Lona Hallmark • Real Broker, LLC
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #157241
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.