603 Johnson AveOdessaTX79763
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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 603 Johnson Ave, Odessa, TX, 79763 at $134,900 posts ROI 21.84% with $72/mo cash flow from $1,031/mo rent. Total monthly income equals $1,031/mo, and annual cash flow records $864/yr on $44,719 to close. Return on cash invested measures 21.84% and rental yield reads 9.17% at the current $134,900. Equity gained on principal adds $870/yr, and 5% annual appreciation supports $37,270 by year five. Five-year ROI prints 114.38% and total cumulative return in cash totals $51,149.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,031/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1957
7,000 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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