2742 Kay AveOdessaTX79762
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2742 Kay Ave, Odessa, TX, 79762 offers a 9.23% rental yield on a $137,000 purchase with $1,054/mo rent. Total monthly income registers $1,054/mo, and a $671/mo payment leaves $79/mo available for distribution. Annual cash flow reaches $952/yr on $45,416 to close, and return on cash invested stands at 22% in year one. Equity gained on principal adds $884/yr while 5% annual appreciation supports $37,851 over five years. Portfolio math shows five-year ROI at 115.37% and total cumulative return in cash at $52,396. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,054/mo property income against a $671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79762, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,387 (100%) |
| Owner Occupied HU | 10,111 (58.2%) |
| Renter Occupied HU | 5,099 (29.3%) |
| Vacant Housing Units | 2,177 (12.5%) |
| Median Home Value | $238,689 |
| Average Home Value | $263,967 |
Housing Distribution
Address Breakdown
Residential
17,507
Single Family
12,738
Multi-Family
4,769
Businesses
1,191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices