3300 Terrace AveMidlandTX79707
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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
Rental property for sale in Midland at 3300 Terrace Ave, Midland, TX, 79707 priced at $272,100 pairs $2,627/mo rent with $692/mo cash flow after a $1,332/mo payment. Total monthly income equals $2,627/mo, and annual cash flow comes to $8,302/yr on $90,201 invested. Return on cash invested is 29.11% in year one, and rental yield stands at 11.59% on a $272,100 basis. Equity gained on principal adds $1,756/yr, and 5% annual appreciation accumulates to $75,176 by year five. Five-year ROI measures 153.42% and total cumulative return in cash reaches $138,384. For financing, Ziffy Mortgage’s DSCR program evaluates $2,627/mo property income against a $1,332/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
8,189 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79707, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,693 (100%) |
| Owner Occupied HU | 9,890 (52.9%) |
| Renter Occupied HU | 5,889 (31.5%) |
| Vacant Housing Units | 2,914 (15.6%) |
| Median Home Value | $403,149 |
| Average Home Value | $476,915 |
Housing Distribution
Address Breakdown
Residential
17,740
Single Family
11,713
Multi-Family
6,027
Businesses
790
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