2402 Northtown CtMidlandTX79705
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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 2402 Northtown Ct, Midland, TX, 79705 with 5% annual appreciation on a $319,500 basis while $2,529/mo rent supports operations. Total monthly income totals $2,529/mo and a $1,564/mo payment preserves $257/mo for cash returns. Annual cash flow comes to $3,081/yr on $105,914 deployed, and return on cash invested reaches 22.82% in year one. Equity gained on principal adds $2,062/yr, and five-year appreciation sums $88,272 alongside rental yield of 9.5%. Five-year ROI measures 119.66% and total cumulative return in cash totals $126,734.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,529/mo property income versus a $1,564/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
10,323 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79705, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,134 (100%) |
| Owner Occupied HU | 12,799 (60.6%) |
| Renter Occupied HU | 5,573 (26.4%) |
| Vacant Housing Units | 2,762 (13.1%) |
| Median Home Value | $350,630 |
| Average Home Value | $398,058 |
Housing Distribution
Address Breakdown
Residential
21,890
Single Family
16,635
Multi-Family
5,255
Businesses
1,329
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