3320 Lancewood LnOdessaTX79762
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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 3320 Lancewood Ln, Odessa, TX, 79762 at $510,000 posts ROI 23.29% with $452/mo cash flow from $4,286/mo rent. Total monthly income equals $4,286/mo, and annual cash flow records $5,425/yr on $167,790 to close. Return on cash invested measures 23.29% and rental yield reads 10.08% at the current $510,000. Equity gained on principal adds $3,291/yr, and 5% annual appreciation supports $140,904 by year five. Five-year ROI prints 122.73% and total cumulative return in cash totals $205,935.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,286/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
0.31 Acres 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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Listed by: Dee Anna Arellano • eXp Realty LLC
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #160272
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.