700 Wabash AveOdessaTX79761
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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 700 Wabash Ave, Odessa, TX, 79761 with 5% annual appreciation on a $115,000 basis while $916/mo rent supports operations. Total monthly income totals $916/mo and a $563/mo payment preserves $98/mo for cash returns. Annual cash flow comes to $1,177/yr on $38,123 deployed, and return on cash invested reaches 23% in year one. Equity gained on principal adds $742/yr, and five-year appreciation sums $31,772 alongside rental yield of 9.56%. Five-year ROI measures 120.74% and total cumulative return in cash totals $46,029.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $916/mo property income versus a $563/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79761, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,013 (100%) |
| Owner Occupied HU | 6,952 (53.4%) |
| Renter Occupied HU | 4,070 (31.3%) |
| Vacant Housing Units | 1,991 (15.3%) |
| Median Home Value | $173,338 |
| Average Home Value | $207,692 |
Housing Distribution
Address Breakdown
Residential
11,776
Single Family
9,903
Multi-Family
1,873
Businesses
1,538
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