1004 Fortitude CtMidlandTX79706
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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 Midland at 1004 Fortitude Ct, Midland, TX, 79706 generates $4,122/mo in rent and, after a $2,149/mo payment, leaves $1,000/mo in cash flow. Total monthly income is $4,122/mo, and annual cash flow is $11,999/yr on $145,529 invested. Return on cash invested sits at 28.15% in year one, and rental yield is 11.27% on a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 148.26% and total cumulative return in cash sums $215,756. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,122/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
5,575 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79706, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,516 (100%) |
| Owner Occupied HU | 8,500 (67.9%) |
| Renter Occupied HU | 2,364 (18.9%) |
| Vacant Housing Units | 1,652 (13.2%) |
| Median Home Value | $344,937 |
| Average Home Value | $367,503 |
Housing Distribution
Address Breakdown
Residential
11,900
Single Family
10,862
Multi-Family
1,038
Businesses
1,008
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