Project Description

Purchase Price


Melick Cir. Odessa, Tx

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Melick Cir Odessa, Tx

 Purchase Price: $245,000

Property Description

WOW a chance to own in Ratliff Ranch for $90 a sqft…

Come take a look at this potential Beauty! HVAC is in good shape, roof just a couple years old. Needs someone to come in and give a modern touch!


The Numbers
Estimated After-Repair-Value (ARV) $415,000
Purchase Price ($245,000)
Estimated Repairs ($80,000)
Gross Profit Potential $80,000
Rent Estimate $2400-$3000
Estimated Cap Rate 12%
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Property Photos

Facts and Features
Type Single Family Residence Garage   Attached
Year Built 1990 Roof Type Composition
Home Square Feet 2,654 Foundation Type Slab
Lot Size 0.24 acre Exterior Material Brick
Bedrooms 4 Number of Levels 1
Bathrooms 3
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Comparable Homes – Sold Square Feet Sold Price Price Per SF Sold Date
1900 Zacate 
2,724 $440,000 $161.53 05/14/21
7020 Tobosa 2,534 $390,000 $153.91 09/22/20
7010 Tobosa (Active- Under Contract) 3,000 $470,000 (List Price) $156.67 Under Contract
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The mission of Investidom is to provide an outstanding level of service and expertise in the real estate investment market that is innovative, ambitious, and built with integrity. We are dedicated to the highest standards, systems and performance necessary to fulfill all of your real estate investment goals.

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DISCLAIMER: House is being sold as-is, and buyer is to pay all closing costs. No representations written or oral are made concerning the property above. Price based on a cash or hard money offer and is net to seller, 7-10 day close of escrow is required. Buyers to do their own independent due diligence and take any necessary precautions to verify any and all material facts. Investidom and its members/representatives make no guarantees concerning property condition, value, characteristics or financial benefits. Investidom may or may not currently own the properties being marketed and may be marketing the equitable interest however great or small in the given properties (without any warranty or representation other than it is the buyer under the subject contract). Opinion of value is given as courtesy. Our opinion is just an opinion and seller makes no guarantees or warranties, express or implied, as to the value or condition of the home.