3619 W Wadley 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 3619 W Wadley Ave, Midland, TX, 79707 generates $2,046/mo in rent, after a $1,463/mo payment. Total monthly income is $2,046/mo. Return on cash invested sits at 18.94% in year one, and rental yield is 8.21% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 98.91% and total cumulative return in cash sums $98,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,046/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
5,706 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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