Is Odessa, FL a good place to invest in rental property?

Odessa, FL has a median modeled monthly cash flow of $-1,620 and a median cap rate of 2.9%, on a median sold price of $575,000. Prices changed -1.9% year over year.

What is the average cap rate in Odessa, FL?

The median cap rate across recently sold homes in Odessa, FL is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Odessa, FL?

The median sold price in Odessa, FL is $575,000 (about $253 per square foot).

Investing in Odessa, FL Real Estate

A data-driven snapshot of the Odessa, FL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$575,000Median sold price

$253Median $/sqft

2.9%Median cap rate

$-1,620Modeled cash flow / mo

-1.9%Appreciation YoY

13.5Months of supply

373Active listings

331Sold (last 12 mo)

What the Odessa numbers say

In Odessa, FL, the median home sold for $575,000 (about $253 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,620 of monthly cash flow. Sold prices moved -1.9% over the past year. Inventory sits at about 13.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Florida markets to compare

See Odessa cash-flowing listings

CashFlowRE ranks every for-sale home in Odessa, FL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Odessa deals, or browse the national market data.