5604 Grassland BlvdMidlandTX79707
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
Investment property for sale in Midland at 5604 Grassland Blvd, Midland, TX, 79707 uses $152,490 cash to close to unlock $6,628/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $3,823/mo, and a $2,251/mo payment keeps the spread at $552/mo. Purchase price stands at $460,000, and rental yield measures 9.97% with $3,823/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 127.37% and total cumulative return in cash records $194,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,823/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices