505 Calvary LnMidlandTX79706
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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 505 Calvary Ln, Midland, TX, 79706 priced at $325,860 converts $2,270/mo rent into after a $1,595/mo obligation. Total monthly income equals $2,270/mo. Return on cash invested prints 19.38% in year one, and rental yield reads 8.36% against a $325,860 entry. Equity gained on principal adds $2,103/yr, while 5% annual appreciation compiles into $90,029 by year five. Five-year ROI reaches 101.24% and total cumulative return in cash sums $109,363. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,270/mo property income covering a $1,595/mo payment, not borrower’s personal income.
Single Family
Built in 2025
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79706, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,516 (100%) |
| Owner Occupied HU | 8,500 (67.9%) |
| Renter Occupied HU | 2,364 (18.9%) |
| Vacant Housing Units | 1,652 (13.2%) |
| Median Home Value | $344,937 |
| Average Home Value | $367,503 |
Housing Distribution
Address Breakdown
Residential
11,900
Single Family
10,862
Multi-Family
1,038
Businesses
1,008
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Listed by: Lance Marker • Heritage Real Estate
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #160006
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.