2602 Spur 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 2602 Spur Ave, Odessa, TX, 79761 with 5% annual appreciation on a $260,700 basis while $2,566/mo rent supports operations. Total monthly income totals $2,566/mo and a $1,276/mo payment preserves $712/mo for cash returns. Annual cash flow comes to $8,545/yr on $86,422 deployed, and return on cash invested reaches 29.8% in year one. Equity gained on principal adds $1,682/yr, and five-year appreciation sums $72,027 alongside rental yield of 11.81%. Five-year ROI measures 157.14% and total cumulative return in cash totals $135,801.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,566/mo property income versus a $1,276/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
7,535 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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