6305 Mecca StOdessaTX79762
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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 6305 Mecca St, Odessa, TX, 79762 priced at $360,600 converts $3,876/mo rent into $1,312/mo cash flow after a $1,765/mo obligation. Total monthly income equals $3,876/mo, and annual cash flow totals $15,740/yr on $119,539 invested. Return on cash invested prints 33.08% in year one, and rental yield reads 12.9% against a $360,600 entry. Equity gained on principal adds $2,327/yr, while 5% annual appreciation compiles into $99,627 by year five. Five-year ROI reaches 174.67% and total cumulative return in cash sums $208,794. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,876/mo property income covering a $1,765/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.28 Acres 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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