3770 E Everglade AveOdessaTX79762
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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 3770 E Everglade Ave, Odessa, TX, 79762 priced at $253,500 converts $1,819/mo rent into $16/mo cash flow after a $1,241/mo obligation. Total monthly income equals $1,819/mo, and annual cash flow totals $193/yr on $84,035 invested. Return on cash invested prints 20.14% in year one, and rental yield reads 8.61% against a $253,500 entry. Equity gained on principal adds $1,636/yr, while 5% annual appreciation compiles into $70,037 by year five. Five-year ROI reaches 105.35% and total cumulative return in cash sums $88,529. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,819/mo property income covering a $1,241/mo payment, not borrower’s personal income.
Single Family
Built in 1959
7,405 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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Listed by: Steve Oliver • STEVE OLIVER REALTORS
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #159133
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.