502 E 29th StOdessaTX79762
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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 502 E 29th St, Odessa, TX, 79762 earns $85/mo cash flow from $1,109/mo rent with a $705/mo payment. Total monthly income totals $1,109/mo, and annual cash flow totals $1,018/yr on $47,736 capital. ROI tracks 22.04% on current figures, and rental yield reads 9.24% at a $144,000 purchase. Equity gained on principal adds $929/yr, and 5% annual appreciation supports $39,785 over five years. Five-year ROI reaches 115.52% and total cumulative return in cash sums $55,146. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,109/mo property income instead of your personal income.
Single Family
Built in 1952
6,534 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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