1311 N Washington AveOdessaTX79761
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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 1311 N Washington Ave, Odessa, TX, 79761 uses $45,662 cash to close to unlock $15,310/yr annual cash flow and $1,276/mo monthly cash flow. Total monthly income runs $2,306/mo, and a $674/mo payment keeps the spread at $1,276/mo. Purchase price stands at $137,745, and rental yield measures 20.09% with $2,306/mo rent. Return on cash invested shows 53.44% in year one, and 5% annual appreciation builds toward $38,056 over five years. Five-year ROI reaches 284.34% and total cumulative return in cash records $129,838. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,306/mo property income covering a $674/mo payment rather than investor’s personal income.
Single Family
Built in 1965
8,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79761, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,013 (100%) |
| Owner Occupied HU | 6,952 (53.4%) |
| Renter Occupied HU | 4,070 (31.3%) |
| Vacant Housing Units | 1,991 (15.3%) |
| Median Home Value | $173,338 |
| Average Home Value | $207,692 |
Housing Distribution
Address Breakdown
Residential
11,776
Single Family
9,903
Multi-Family
1,873
Businesses
1,538
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