913 Waverly DrMidlandTX79703
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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 913 Waverly Dr, Midland, TX, 79703 listed at $119,000 pairs $930/mo rent with a $582/mo payment to leave $84/mo cash flow. Total monthly income runs $930/mo, and annual cash flow reaches $1,011/yr on $39,449 cash to close. Return on cash invested measures 22.47% in year one, and rental yield registers 9.38% at a $119,000 basis. Equity gained on principal adds $768/yr, and annual property appreciation at 5% supports $32,878 by year five. Five-year ROI tracks 117.89% and total cumulative return in cash totals $46,505. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $930/mo property income relative to a $582/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79703, Midland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,111 (60.4%) |
| Renter Occupied HU | 2,439 (28.8%) |
| Vacant Housing Units | 909 (10.7%) |
| Median Home Value | $234,096 |
| Average Home Value | $250,050 |
Housing Distribution
Address Breakdown
Residential
8,663
Single Family
6,948
Multi-Family
1,715
Businesses
526
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