721 N Washington 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 721 N Washington Ave, Odessa, TX, 79761 at $237,900 posts ROI 18.79% with from $1,618/mo rent. Total monthly income equals $1,618/mo. Return on cash invested measures 18.79% and rental yield reads 8.16% at the current $237,900. Equity gained on principal adds $1,535/yr, and 5% annual appreciation supports $65,727 by year five. Five-year ROI prints 98.09% and total cumulative return in cash totals $77,355. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,618/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
6,969 sqft 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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