6713 Cowboy DrMidlandTX79705
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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 6713 Cowboy Dr, Midland, TX, 79705 generates $3,103/mo in rent and, after a $1,566/mo payment, leaves $804/mo in cash flow. Total monthly income is $3,103/mo, and annual cash flow is $9,645/yr on $106,047 invested. Return on cash invested sits at 29% in year one, and rental yield is 11.64% on a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 152.93% and total cumulative return in cash sums $162,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,103/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
5,880 sqft lot
$N/A/sqft
$290 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79705, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,134 (100%) |
| Owner Occupied HU | 12,799 (60.6%) |
| Renter Occupied HU | 5,573 (26.4%) |
| Vacant Housing Units | 2,762 (13.1%) |
| Median Home Value | $350,630 |
| Average Home Value | $398,058 |
Housing Distribution
Address Breakdown
Residential
21,890
Single Family
16,635
Multi-Family
5,255
Businesses
1,329
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Listed by: Tracie Nelson • Sincerity Real Estate LLC
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #154810
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.