3213 Franklin 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 3213 Franklin Ave, Midland, TX, 79701 listed at $350,000 pairs $1,912/mo rent with a $1,713/mo payment. Total monthly income runs $1,912/mo. Return on cash invested measures 13.94% in year one, and rental yield registers 6.56% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 72.09% and total cumulative return in cash totals $83,642. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,912/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1958
0.32 Acres 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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