1507 Alcove CtMidlandTX79703
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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 1507 Alcove Ct, Midland, TX, 79703 uses $87,848 cash to close to unlock $67/yr annual cash flow and $6/mo monthly cash flow. Total monthly income runs $1,890/mo, and a $1,297/mo payment keeps the spread at $6/mo. Purchase price stands at $265,000, and rental yield measures 8.56% with $1,890/mo rent. Return on cash invested shows 19.99% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 104.48% and total cumulative return in cash records $91,779. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1978
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79703, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,111 (60.4%) |
| Renter Occupied HU | 2,439 (28.8%) |
| Vacant Housing Units | 909 (10.7%) |
| Median Home Value | $234,096 |
| Average Home Value | $250,050 |
Housing Distribution
Address Breakdown
Residential
8,663
Single Family
6,948
Multi-Family
1,715
Businesses
526
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