1500 Englewood LnOdessaTX79761
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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 Odessa at 1500 Englewood Ln, Odessa, TX, 79761 priced at $329,500 pairs $1,920/mo rent with after a $1,613/mo payment. Total monthly income equals $1,920/mo. Return on cash invested is 15.26% in year one, and rental yield stands at 6.99% on a $329,500 basis. Equity gained on principal adds $2,126/yr, and 5% annual appreciation accumulates to $91,035 by year five. Five-year ROI measures 79.12% and total cumulative return in cash reaches $86,422. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $1,613/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.30 Acres 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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