1405 Cerrillos 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 1405 Cerrillos Ave, Midland, TX, 79705 listed at $331,800 pairs $3,187/mo rent with a $1,624/mo payment to leave $828/mo cash flow. Total monthly income runs $3,187/mo, and annual cash flow reaches $9,930/yr on $109,992 cash to close. Return on cash invested measures 28.94% in year one, and rental yield registers 11.53% at a $331,800 basis. Equity gained on principal adds $2,141/yr, and annual property appreciation at 5% supports $91,670 by year five. Five-year ROI tracks 152.48% and total cumulative return in cash totals $167,712. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,187/mo property income relative to a $1,624/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2014
5,793 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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