505 Jordan LnOdessaTX79766
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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 505 Jordan Ln, Odessa, TX, 79766 priced at $185,000 converts $1,496/mo rent into $181/mo cash flow after a $905/mo obligation. Total monthly income equals $1,496/mo, and annual cash flow totals $2,171/yr on $61,328 invested. Return on cash invested prints 23.45% in year one, and rental yield reads 9.7% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 123.04% and total cumulative return in cash sums $75,459. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,496/mo property income covering a $905/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79766, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,228 (100%) |
| Owner Occupied HU | 2,253 (69.8%) |
| Renter Occupied HU | 533 (16.5%) |
| Vacant Housing Units | 442 (13.7%) |
| Median Home Value | $239,756 |
| Average Home Value | $294,460 |
Housing Distribution
Address Breakdown
Residential
3,422
Single Family
3,422
Multi-Family
0
Businesses
287
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Listed by: Maria Bedoy • All City Real Estate Ltd. Co.
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #156433
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.