3702 W Michigan AveMidlandTX79703
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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 3702 W Michigan Ave, Midland, TX, 79703 earns $988/mo cash flow from $2,845/mo rent with a $1,278/mo payment. Total monthly income totals $2,845/mo, and annual cash flow totals $11,856/yr on $86,588 capital. ROI tracks 33.6% on current figures, and rental yield reads 13.07% at a $261,200 purchase. Equity gained on principal adds $1,685/yr, and 5% annual appreciation supports $72,165 over five years. Five-year ROI reaches 177.47% and total cumulative return in cash sums $153,670. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,845/mo property income instead of your personal income.
Single Family
Built in 1977
7,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79703, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,111 (60.4%) |
| Renter Occupied HU | 2,439 (28.8%) |
| Vacant Housing Units | 909 (10.7%) |
| Median Home Value | $234,096 |
| Average Home Value | $250,050 |
Housing Distribution
Address Breakdown
Residential
8,663
Single Family
6,948
Multi-Family
1,715
Businesses
526
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