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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Odessa at 400 E 23rd St, Odessa, TX, 79761 uses $52,709 cash to close to unlock $19,279/yr annual cash flow and $1,607/mo monthly cash flow. Total monthly income runs $2,737/mo, and a $778/mo payment keeps the spread at $1,607/mo. Purchase price stands at $159,000, and rental yield measures 20.66% with $2,737/mo rent. Return on cash invested shows 56.48% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 300.25% and total cumulative return in cash records $158,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,737/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1947
3,497 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 79761, Odessa, TX area.
| 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 |
Residential
11,776
Single Family
9,903
Multi-Family
1,873
Businesses
1,538
Date | Event | Price |
|---|---|---|
| 2024-08-16 | Price change | $159,000 |
| 2023-08-29 | Pending sale | $169,900 |
| 2023-08-23 | Listed for sale | $169,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | $923.52 | -35.50% | $104,444 | 2.04% |
| 2022-08-31 | $1431.77 | -6.58% | $102,351 | 3.83% |
| 2021-08-31 | $1532.61 | N/A | $98,578 | 9.96% |
Listed by: Thomas McDonald • Starz Realty
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #153611
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.
