2406 Haynes DrMidlandTX79705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Midland at 2406 Haynes Dr, Midland, TX, 79705 generates $3,120/mo in rent and, after a $1,316/mo payment, leaves $1,208/mo in cash flow. Total monthly income is $3,120/mo, and annual cash flow is $14,495/yr on $89,140 invested. Return on cash invested sits at 36.17% in year one, and rental yield is 13.92% on a $268,900 entry. Equity gained on principal adds $1,735/yr, while 5% annual appreciation builds toward $74,292 over five years. Five-year ROI reaches 191.23% and total cumulative return in cash sums $170,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
