606 W 83rd StOdessaTX79764
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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 606 W 83rd St, Odessa, TX, 79764 listed at $175,000 pairs $1,387/mo rent with a $857/mo payment to leave $142/mo cash flow. Total monthly income runs $1,387/mo, and annual cash flow reaches $1,705/yr on $58,013 cash to close. Return on cash invested measures 22.85% in year one, and rental yield registers 9.51% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 119.92% and total cumulative return in cash totals $69,571. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,387/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79764, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,141 (100%) |
| Owner Occupied HU | 6,668 (59.9%) |
| Renter Occupied HU | 2,811 (25.2%) |
| Vacant Housing Units | 1,662 (14.9%) |
| Median Home Value | $205,744 |
| Average Home Value | $232,795 |
Housing Distribution
Address Breakdown
Residential
9,806
Single Family
9,464
Multi-Family
342
Businesses
838
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Listed by: Amanda Vires • Turnkey Realty, LLC
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #159820
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.