601 Johnson AveOdessaTX79763
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 601 Johnson Ave, Odessa, TX, 79763 offers $936/mo rent that, after a $592/mo payment, leaves $76/mo cash flow. Total monthly income is $936/mo, and annual cash flow is $909/yr on $40,112 cash. Return on cash invested measures 22.18% in year one, and rental yield stands at 9.28% at a $121,000 entry. Equity gained on principal adds $781/yr while 5% annual appreciation compounds into $33,430 by year five. Five-year ROI records 116.25% and total cumulative return in cash reaches $46,629. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $936/mo property income versus a $592/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
8,119 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79763, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,731 (100%) |
| Owner Occupied HU | 9,180 (58.4%) |
| Renter Occupied HU | 4,348 (27.6%) |
| Vacant Housing Units | 2,203 (14.0%) |
| Median Home Value | $153,656 |
| Average Home Value | $222,108 |
Housing Distribution
Address Breakdown
Residential
14,198
Single Family
12,778
Multi-Family
1,420
Businesses
808
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Listed by: Steven Koleno • Beycome Brokerage Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #96024657
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