4200 Springdale DrOdessaTX79762
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 4200 Springdale Dr, Odessa, TX, 79762 priced at $350,000 converts $2,392/mo rent into after a $1,713/mo obligation. Total monthly income equals $2,392/mo. Return on cash invested prints 18.91% in year one, and rental yield reads 8.2% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 98.71% and total cumulative return in cash sums $114,530. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,392/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1966
10,201 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Caroline Poer • TRUDY THOMASON REALTY, INC.
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #159273
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.