1322 E Dormard AveMidlandTX79705
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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 1322 E Dormard Ave, Midland, TX, 79705 listed at $276,000 pairs $1,893/mo rent with a $1,351/mo payment. Total monthly income runs $1,893/mo. Return on cash invested measures 18.99% in year one, and rental yield registers 8.23% at a $276,000 basis. Equity gained on principal adds $1,781/yr, and annual property appreciation at 5% supports $76,254 by year five. Five-year ROI tracks 99.18% and total cumulative return in cash totals $90,745. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,893/mo property income relative to a $1,351/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
7,143 sqft lot
$N/A/sqft
No 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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Listed by: Jessica Meraz • All City Real Estate Ltd. Co.
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #160572
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