2703 Santa Monica AveOdessaTX79764
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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 2703 Santa Monica Ave, Odessa, TX, 79764 uses $48,068 cash to close to unlock $1,195/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $1,131/mo, and a $710/mo payment keeps the spread at $100/mo. Purchase price stands at $145,000, and rental yield measures 9.36% with $1,131/mo rent. Return on cash invested shows 22.4% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 117.45% and total cumulative return in cash records $56,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,131/mo property income covering a $710/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79764, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,141 (100%) |
| Owner Occupied HU | 6,668 (59.9%) |
| Renter Occupied HU | 2,811 (25.2%) |
| Vacant Housing Units | 1,662 (14.9%) |
| Median Home Value | $205,744 |
| Average Home Value | $232,795 |
Housing Distribution
Address Breakdown
Residential
9,806
Single Family
9,464
Multi-Family
342
Businesses
838
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