6701 Eastridge Rd APT 212OdessaTX79762
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
Investment property for sale in Odessa at 6701 Eastridge Rd APT 212, Odessa, TX, 79762 listed at $115,000 pairs $2,400/mo rent with a $563/mo payment to leave $1,223/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $14,677/yr on $38,123 cash to close. Return on cash invested measures 58.41% in year one, and rental yield registers 25.04% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 314.74% and total cumulative return in cash totals $119,985. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1983
2,657 sqft lot
$N/A/sqft
$359 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Keri Taylor • Nicole Howsey Realtors LLC
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #156107
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.