5408 Lamont AveOdessaTX79762
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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 5408 Lamont Ave, Odessa, TX, 79762 generates $3,020/mo in rent and, after a $1,786/mo payment, leaves $425/mo in cash flow. Total monthly income is $3,020/mo, and annual cash flow is $5,099/yr on $120,998 invested. Return on cash invested sits at 24.12% in year one, and rental yield is 9.93% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 126.64% and total cumulative return in cash sums $153,235. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,020/mo property income rather than buyer’s personal income.
Single Family
Built in 2021
5,662 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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