506 HancockOdemTX78370
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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 Odem at 506 Hancock, Odem, TX, 78370 generates $4,292/mo in rent and, after a $1,708/mo payment, leaves $1,811/mo in cash flow. Total monthly income is $4,292/mo, and annual cash flow is $21,727/yr on $115,660 invested. Return on cash invested sits at 38.69% in year one, and rental yield is 14.76% on a $348,900 entry. Equity gained on principal adds $2,251/yr, while 5% annual appreciation builds toward $96,395 over five years. Five-year ROI reaches 204.8% and total cumulative return in cash sums $236,872. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,292/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
8,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78370, Odem, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,069 (100%) |
| Owner Occupied HU | 1,465 (70.8%) |
| Renter Occupied HU | 369 (17.8%) |
| Vacant Housing Units | 235 (11.4%) |
| Median Home Value | $221,886 |
| Average Home Value | $236,819 |
Housing Distribution
Address Breakdown
Residential
1,401
Single Family
1,400
Multi-Family
1
Businesses
101
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Listed by: Jed Ransom • RE/MAX Professionals
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #437535
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.