7722 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
Rental property for sale in Odessa at 7722 Gray Slate Rd, Odessa, TX, 79765 priced at $351,360 converts $2,486/mo rent into after a $1,720/mo obligation. Total monthly income equals $2,486/mo. Return on cash invested prints 19.78% in year one, and rental yield reads 8.49% against a $351,360 entry. Equity gained on principal adds $2,267/yr, while 5% annual appreciation compiles into $97,074 by year five. Five-year ROI reaches 103.37% and total cumulative return in cash sums $120,405. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,486/mo property income covering a $1,720/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,751 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: Lance Marker • Heritage Real Estate
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #159576
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.