3400 Wedgwood StMidlandTX79707
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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 3400 Wedgwood St, Midland, TX, 79707 earns $672/mo cash flow from $2,912/mo rent with a $1,542/mo payment. Total monthly income totals $2,912/mo, and annual cash flow totals $8,061/yr on $104,423 capital. ROI tracks 27.63% on current figures, and rental yield reads 11.09% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 145.46% and total cumulative return in cash sums $151,889. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,912/mo property income instead of your personal income.
Townhouse
Built in 1982
4,312 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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