4924 Lancaster DrOdessaTX79762
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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
Investment property for sale in Odessa at 4924 Lancaster Dr, Odessa, TX, 79762 with 5% annual appreciation on a $124,999 basis while $2,832/mo rent supports operations. Total monthly income totals $2,832/mo and a $612/mo payment preserves $1,943/mo for cash returns. Annual cash flow comes to $23,315/yr on $41,437 deployed, and return on cash invested reaches 76.17% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 27.19%. Five-year ROI measures 405.79% and total cumulative return in cash totals $168,149.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,832/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
6,721 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: Dan Cook • SWE Homes
Mls Name: HAR
Mls Provider:
Mls ID: #7610956
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