629 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
Investment property for sale in Midland at 629 Memorial Ct, Midland, TX, 79706 with 5% annual appreciation on a $333,950 basis while $5,002/mo rent supports operations. Total monthly income totals $5,002/mo and a $1,635/mo payment preserves $2,602/mo for cash returns. Annual cash flow comes to $31,221/yr on $110,704 deployed, and return on cash invested reaches 48.11% in year one. Equity gained on principal adds $2,155/yr, and five-year appreciation sums $92,264 alongside rental yield of 17.97%. Five-year ROI measures 255.39% and total cumulative return in cash totals $282,723.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,002/mo property income versus a $1,635/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2014
7,797 sqft lot
$N/A/sqft
$300 annually 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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