309 S Hancock 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
Rental property for sale in Odessa at 309 S Hancock Ave, Odessa, TX, 79761 offers $3,017/mo rent that, after a $1,656/mo payment, leaves $611/mo cash flow. Total monthly income is $3,017/mo, and annual cash flow is $7,331/yr on $112,180 cash. Return on cash invested measures 26.44% in year one, and rental yield stands at 10.7% at a $338,400 entry. Equity gained on principal adds $2,184/yr while 5% annual appreciation compounds into $93,494 by year five. Five-year ROI records 139.09% and total cumulative return in cash reaches $156,032. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,017/mo property income versus a $1,656/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
5,601 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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