3302 Cord DrMidlandTX79705
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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 3302 Cord Dr, Midland, TX, 79705 offers a 12.83% rental yield on a $504,000 purchase with $5,389/mo rent. Total monthly income registers $5,389/mo, and a $2,467/mo payment leaves $1,805/mo available for distribution. Annual cash flow reaches $21,658/yr on $165,816 to close, and return on cash invested stands at 33.12% in year one. Equity gained on principal adds $3,252/yr while 5% annual appreciation supports $139,246 over five years. Portfolio math shows five-year ROI at 174.88% and total cumulative return in cash at $289,984. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,389/mo property income against a $2,467/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
10,802 sqft 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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