1611 Eastover DrOdessaTX79761
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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 1611 Eastover Dr, Odessa, TX, 79761 offers $1,080/mo rent that, after a $685/mo payment, leaves $70/mo cash flow. Total monthly income is $1,080/mo, and annual cash flow is $843/yr on $46,377 cash. Return on cash invested measures 21.73% in year one, and rental yield stands at 9.26% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 114.01% and total cumulative return in cash reaches $52,875. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
7,927 sqft lot
$N/A/sqft
$176 annually 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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Listed by: Edward Mcclintick • Joseph Walter Realty, LLC
Mls Name: NTREIS
Mls ID: #20915978
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.