1017 Edwards StMidlandTX79701
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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
Investment property for sale in Midland at 1017 Edwards St, Midland, TX, 79701 offers a 13.44% rental yield on a $175,800 purchase with $1,969/mo rent. Total monthly income registers $1,969/mo, and a $860/mo payment leaves $719/mo available for distribution. Annual cash flow reaches $8,632/yr on $58,278 to close, and return on cash invested stands at 34.72% in year one. Equity gained on principal adds $1,134/yr while 5% annual appreciation supports $48,570 over five years. Portfolio math shows five-year ROI at 183.52% and total cumulative return in cash at $106,950. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,969/mo property income against a $860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1957
8,842 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79701, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,564 (100%) |
| Owner Occupied HU | 6,530 (52.0%) |
| Renter Occupied HU | 3,947 (31.4%) |
| Vacant Housing Units | 2,087 (16.6%) |
| Median Home Value | $236,762 |
| Average Home Value | $288,236 |
Housing Distribution
Address Breakdown
Residential
11,590
Single Family
10,059
Multi-Family
1,531
Businesses
2,687
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