1602 S County Road 1069MidlandTX79706
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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 1602 S County Road 1069, Midland, TX, 79706 listed at $688,000 pairs $3,898/mo rent with a $3,367/mo payment. Total monthly income runs $3,898/mo. Return on cash invested measures 14.79% in year one, and rental yield registers 6.8% at a $688,000 basis. Equity gained on principal adds $4,440/yr, and annual property appreciation at 5% supports $190,082 by year five. Five-year ROI tracks 76.57% and total cumulative return in cash totals $173,320. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,898/mo property income relative to a $3,367/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
1 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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