8801 N Rice AveOdessaTX79765
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
Rental property for sale in Odessa at 8801 N Rice Ave, Odessa, TX, 79765 priced at $329,500 pairs $2,760/mo rent with $417/mo cash flow after a $1,613/mo payment. Total monthly income equals $2,760/mo, and annual cash flow comes to $4,999/yr on $109,229 invested. Return on cash invested is 24.49% in year one, and rental yield stands at 10.05% on a $329,500 basis. Equity gained on principal adds $2,126/yr, and 5% annual appreciation accumulates to $91,035 by year five. Five-year ROI measures 128.61% and total cumulative return in cash reaches $140,482. For financing, Ziffy Mortgage’s DSCR program evaluates $2,760/mo property income against a $1,613/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
7,148 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynzy Sousley • Lynzy Sousley Real Estate Group
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #160367
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.