7709 Gray Slate RdOdessaTX79765
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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 7709 Gray Slate Rd, Odessa, TX, 79765 uses $115,239 cash to close to unlock $27,581/yr annual cash flow and $2,298/mo monthly cash flow. Total monthly income runs $4,770/mo, and a $1,701/mo payment keeps the spread at $2,298/mo. Purchase price stands at $347,630, and rental yield measures 16.47% with $4,770/mo rent. Return on cash invested shows 43.84% in year one, and 5% annual appreciation builds toward $96,044 over five years. Five-year ROI reaches 232.42% and total cumulative return in cash records $267,842. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,770/mo property income covering a $1,701/mo payment rather than investor’s personal income.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79765, Odessa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,430 (100%) |
| Owner Occupied HU | 7,779 (62.6%) |
| Renter Occupied HU | 2,954 (23.8%) |
| Vacant Housing Units | 1,697 (13.7%) |
| Median Home Value | $316,046 |
| Average Home Value | $413,545 |
Housing Distribution
Address Breakdown
Residential
12,645
Single Family
8,899
Multi-Family
3,746
Businesses
597
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Listed by: Daniel Montoya • Monument Realty
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #157008
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.