3711 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 3711 W Michigan Ave, Midland, TX, 79703 uses $104,423 cash to close to unlock $4,797/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,542/mo payment keeps the spread at $400/mo. Purchase price stands at $315,000, and rental yield measures 10.06% with $2,640/mo rent. Return on cash invested shows 24.5% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 128.68% and total cumulative return in cash records $134,369. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1977
7,623 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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