2909 Princeton AveMidlandTX79701
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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 2909 Princeton Ave, Midland, TX, 79701 uses $119,009 cash to close to unlock $8,259/yr annual cash flow and $688/mo monthly cash flow. Total monthly income runs $3,241/mo, and a $1,757/mo payment keeps the spread at $688/mo. Purchase price stands at $359,000, and rental yield measures 10.83% with $3,241/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 141.28% and total cumulative return in cash records $168,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,241/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 1976
10,802 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79701, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,564 (100%) |
| Owner Occupied HU | 6,530 (52.0%) |
| Renter Occupied HU | 3,947 (31.4%) |
| Vacant Housing Units | 2,087 (16.6%) |
| Median Home Value | $236,762 |
| Average Home Value | $288,236 |
Housing Distribution
Address Breakdown
Residential
11,590
Single Family
10,059
Multi-Family
1,531
Businesses
2,687
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