2408 Goddard 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 2408 Goddard Ct, Midland, TX, 79705 listed at $330,100 pairs $3,523/mo rent with a $1,616/mo payment to leave $1,175/mo cash flow. Total monthly income runs $3,523/mo, and annual cash flow reaches $14,103/yr on $109,428 cash to close. Return on cash invested measures 32.8% in year one, and rental yield registers 12.81% at a $330,100 basis. Equity gained on principal adds $2,130/yr, and annual property appreciation at 5% supports $91,201 by year five. Five-year ROI tracks 173.19% and total cumulative return in cash totals $189,522. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,523/mo property income relative to a $1,616/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
7,797 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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