2017 Fringewood DrMidlandTX79707
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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 2017 Fringewood Dr, Midland, TX, 79707 with 5% annual appreciation on a $699,700 basis while $5,092/mo rent supports operations. Total monthly income totals $5,092/mo and a $3,425/mo payment preserves $116/mo for cash returns. Annual cash flow comes to $1,392/yr on $230,201 deployed, and return on cash invested reaches 20.66% in year one. Equity gained on principal adds $4,515/yr, and five-year appreciation sums $193,314 alongside rental yield of 8.73%. Five-year ROI measures 108.07% and total cumulative return in cash totals $248,789.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,092/mo property income versus a $3,425/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79707, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,693 (100%) |
| Owner Occupied HU | 9,890 (52.9%) |
| Renter Occupied HU | 5,889 (31.5%) |
| Vacant Housing Units | 2,914 (15.6%) |
| Median Home Value | $403,149 |
| Average Home Value | $476,915 |
Housing Distribution
Address Breakdown
Residential
17,740
Single Family
11,713
Multi-Family
6,027
Businesses
790
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