6803 Hooper WayMidlandTX79707
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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 6803 Hooper Way, Midland, TX, 79707 priced at $403,990 converts $4,080/mo rent into $1,166/mo cash flow after a $1,977/mo obligation. Total monthly income equals $4,080/mo, and annual cash flow totals $13,990/yr on $133,923 invested. Return on cash invested prints 30.36% in year one, and rental yield reads 12.12% against a $403,990 entry. Equity gained on principal adds $2,607/yr, while 5% annual appreciation compiles into $111,615 by year five. Five-year ROI reaches 160.21% and total cumulative return in cash sums $214,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,080/mo property income covering a $1,977/mo payment, not borrower’s personal income.
Single Family
Built in 2024
6,621 sqft lot
$N/A/sqft
$500 annually 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
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Listed by: Lance Marker • Heritage Real Estate
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #150277
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.