1006 Almont PlMidlandTX79705
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 Midland at 1006 Almont Pl, Midland, TX, 79705 priced at $537,500 pairs $5,849/mo rent with $1,952/mo cash flow after a $2,631/mo payment. Total monthly income equals $5,849/mo, and annual cash flow comes to $23,418/yr on $176,838 invested. Return on cash invested is 33.3% in year one, and rental yield stands at 13.06% on a $537,500 basis. Equity gained on principal adds $3,468/yr, and 5% annual appreciation accumulates to $148,501 by year five. Five-year ROI measures 176.05% and total cumulative return in cash reaches $311,325. For financing, Ziffy Mortgage’s DSCR program evaluates $5,849/mo property income against a $2,631/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
7,013 sqft lot
$N/A/sqft
$75 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79705, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,134 (100%) |
| Owner Occupied HU | 12,799 (60.6%) |
| Renter Occupied HU | 5,573 (26.4%) |
| Vacant Housing Units | 2,762 (13.1%) |
| Median Home Value | $350,630 |
| Average Home Value | $398,058 |
Housing Distribution
Address Breakdown
Residential
21,890
Single Family
16,635
Multi-Family
5,255
Businesses
1,329
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