3500 Merrill AveOdessaTX79764
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
Rental property for sale in Odessa at 3500 Merrill Ave, Odessa, TX, 79764 priced at $174,900 converts $2,911/mo rent into $1,667/mo cash flow after a $856/mo obligation. Total monthly income equals $2,911/mo, and annual cash flow totals $20,008/yr on $57,979 invested. Return on cash invested prints 54.42% in year one, and rental yield reads 19.97% against a $174,900 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,322 by year five. Five-year ROI reaches 289.14% and total cumulative return in cash sums $167,640. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,911/mo property income covering a $856/mo payment, not borrower’s personal income.
Single Family
Built in 1958
8,881 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alejandra Velazco • Wright Choice Real Estate & Associates LLC
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #153215
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.