419 N Belmont AveOdessaTX79763
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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 419 N Belmont Ave, Odessa, TX, 79763 priced at $131,000 converts $2,160/mo rent into $1,229/mo cash flow after a $641/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $14,743/yr on $43,427 invested. Return on cash invested prints 53.86% in year one, and rental yield reads 19.79% against a $131,000 entry. Equity gained on principal adds $845/yr, while 5% annual appreciation compiles into $36,193 by year five. Five-year ROI reaches 286.18% and total cumulative return in cash sums $124,277. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $641/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79763, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,731 (100%) |
| Owner Occupied HU | 9,180 (58.4%) |
| Renter Occupied HU | 4,348 (27.6%) |
| Vacant Housing Units | 2,203 (14.0%) |
| Median Home Value | $153,656 |
| Average Home Value | $222,108 |
Housing Distribution
Address Breakdown
Residential
14,198
Single Family
12,778
Multi-Family
1,420
Businesses
808
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