6724 Rio Bravo StMidlandTX79705
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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
Total monthly income runs $2,109/mo, and a $1,468/mo payment. Purchase price stands at $299,900, and rental yield measures 8.44% with $2,109/mo rent. Return on cash invested shows 19.38% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 101.34% and total cumulative return in cash records $100,744. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,109/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2021
5,662 sqft lot
$N/A/sqft
$240 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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