1202 Bedford DrMidlandTX79701
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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 1202 Bedford Dr, Midland, TX, 79701 priced at $402,600 converts $4,075/mo rent into $1,212/mo cash flow after a $1,971/mo obligation. Total monthly income equals $4,075/mo, and annual cash flow totals $14,539/yr on $133,462 invested. Return on cash invested prints 30.8% in year one, and rental yield reads 12.15% against a $402,600 entry. Equity gained on principal adds $2,598/yr, while 5% annual appreciation compiles into $111,231 by year five. Five-year ROI reaches 162.48% and total cumulative return in cash sums $216,844. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,075/mo property income covering a $1,971/mo payment, not borrower’s personal income.
Single Family
Built in 1951
8,886 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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