4305 Parkdale DrMidlandTX79703
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4305 Parkdale Dr, Midland, TX, 79703 priced at $215,000 pairs $1,677/mo rent with $148/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,677/mo, and annual cash flow comes to $1,781/yr on $71,273 invested. Return on cash invested is 22.41% in year one, and rental yield stands at 9.36% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 117.47% and total cumulative return in cash reaches $83,725. For financing, Ziffy Mortgage’s DSCR program evaluates $1,677/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
9,757 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawna Gonzalez • Heritage Real Estate
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #159386
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.