407 Main StOdemTX78370
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
Investment property for sale in Odem at 407 Main St, Odem, TX, 78370 offers a 9.48% rental yield on a $319,200 purchase with $2,521/mo rent. Total monthly income registers $2,521/mo, and a $1,562/mo payment leaves $251/mo available for distribution. Annual cash flow reaches $3,017/yr on $105,815 to close, and return on cash invested stands at 22.76% in year one. Equity gained on principal adds $2,060/yr while 5% annual appreciation supports $88,189 over five years. Portfolio math shows five-year ROI at 119.36% and total cumulative return in cash at $126,304. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,521/mo property income against a $1,562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
9,104 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78370, Odem, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,069 (100%) |
| Owner Occupied HU | 1,465 (70.8%) |
| Renter Occupied HU | 369 (17.8%) |
| Vacant Housing Units | 235 (11.4%) |
| Median Home Value | $221,886 |
| Average Home Value | $236,819 |
Housing Distribution
Address Breakdown
Residential
1,401
Single Family
1,400
Multi-Family
1
Businesses
101
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