3110 E 31st StOdessaTX79762
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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 3110 E 31st St, Odessa, TX, 79762 earns $1,585/mo cash flow from $2,938/mo rent with a $931/mo payment. Total monthly income totals $2,938/mo, and annual cash flow totals $19,023/yr on $63,079 capital. ROI tracks 50.07% on current figures, and rental yield reads 18.53% at a $190,283 purchase. Equity gained on principal adds $1,228/yr, and 5% annual appreciation supports $52,572 over five years. Five-year ROI reaches 265.81% and total cumulative return in cash sums $167,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,938/mo property income instead of your personal income.
Single Family
Built in 1955
10,079 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
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