3217 Baumann AveMidlandTX79701
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
Investment property for sale in Midland at 3217 Baumann Ave, Midland, TX, 79701 uses $50,819 cash to close to unlock $8,366/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $1,787/mo, and a $750/mo payment keeps the spread at $697/mo. Purchase price stands at $153,300, and rental yield measures 13.99% with $1,787/mo rent. Return on cash invested shows 36.37% in year one, and 5% annual appreciation builds toward $42,354 over five years. Five-year ROI reaches 192.42% and total cumulative return in cash records $97,786. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,787/mo property income covering a $750/mo payment rather than investor’s personal income.
Single Family
Built in 1954
10,149 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices