11958 Midas LnWillisTX77378
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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 Willis at 11958 Midas Ln, Willis, TX, 77378 generates $1,320/mo in rent and, after a $744/mo payment, leaves $197/mo in cash flow. Total monthly income is $1,320/mo, and annual cash flow is $2,369/yr on $50,385 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 10.42% on a $151,990 entry. Equity gained on principal adds $981/yr, while 5% annual appreciation builds toward $41,992 over five years. Five-year ROI reaches 129.7% and total cumulative return in cash sums $65,347. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,320/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
4,375 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77378, Willis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,317 (100%) |
| Owner Occupied HU | 5,263 (71.9%) |
| Renter Occupied HU | 1,615 (22.1%) |
| Vacant Housing Units | 439 ( 6.0%) |
| Median Home Value | $241,863 |
| Average Home Value | $310,531 |
Housing Distribution
Address Breakdown
Residential
7,155
Single Family
7,154
Multi-Family
1
Businesses
486
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Listed by: Heather Chavana • D.R. Horton Homes
Mls Name: HAR
Mls Provider:
Mls ID: #93375158
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