609 Memorial CtMidlandTX79706
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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 609 Memorial Ct, Midland, TX, 79706 priced at $308,100 converts $3,044/mo rent into $833/mo cash flow after a $1,508/mo obligation. Total monthly income equals $3,044/mo, and annual cash flow totals $9,997/yr on $102,135 invested. Return on cash invested prints 29.7% in year one, and rental yield reads 11.86% against a $308,100 entry. Equity gained on principal adds $1,988/yr, while 5% annual appreciation compiles into $85,122 by year five. Five-year ROI reaches 156.67% and total cumulative return in cash sums $160,019. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,044/mo property income covering a $1,508/mo payment, not borrower’s personal income.
Single Family
Built in 2014
6,272 sqft lot
$N/A/sqft
$20 monthly 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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