2116 Somerset 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 2116 Somerset Dr, Midland, TX, 79707 offers a 10.66% rental yield on a $459,490 purchase with $4,080/mo rent. Total monthly income registers $4,080/mo, and a $2,249/mo payment leaves $812/mo available for distribution. Annual cash flow reaches $9,750/yr on $152,321 to close, and return on cash invested stands at 26.31% in year one. Equity gained on principal adds $2,965/yr while 5% annual appreciation supports $126,949 over five years. Portfolio math shows five-year ROI at 138.39% and total cumulative return in cash at $210,801. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,080/mo property income against a $2,249/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,662 sqft 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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