3108 Mearns 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 3108 Mearns Ct, Midland, TX, 79705 earns $1,188/mo cash flow from $3,936/mo rent with a $1,891/mo payment. Total monthly income totals $3,936/mo, and annual cash flow totals $14,262/yr on $128,092 capital. ROI tracks 31.04% on current figures, and rental yield reads 12.22% at a $386,400 purchase. Equity gained on principal adds $2,493/yr, and 5% annual appreciation supports $106,755 over five years. Five-year ROI reaches 163.77% and total cumulative return in cash sums $209,778. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,936/mo property income instead of your personal income.
Single Family
Built in 2022
N/A 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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