1417 W County Road 116 #1/2MidlandTX79706
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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 1417 W County Road 116 #1/2, Midland, TX, 79706 uses $76,212 cash to close to unlock $19,985/yr annual cash flow and $1,665/mo monthly cash flow. Total monthly income runs $3,300/mo, and a $1,125/mo payment keeps the spread at $1,665/mo. Purchase price stands at $229,900, and rental yield measures 17.22% with $3,300/mo rent. Return on cash invested shows 46.13% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 244.7% and total cumulative return in cash records $186,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,300/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79706, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,516 (100%) |
| Owner Occupied HU | 8,500 (67.9%) |
| Renter Occupied HU | 2,364 (18.9%) |
| Vacant Housing Units | 1,652 (13.2%) |
| Median Home Value | $344,937 |
| Average Home Value | $367,503 |
Housing Distribution
Address Breakdown
Residential
11,900
Single Family
10,862
Multi-Family
1,038
Businesses
1,008
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