9206 W County Road 162MidlandTX79706
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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 9206 W County Road 162, Midland, TX, 79706 offers a 10.37% rental yield on a $250,000 purchase with $2,160/mo rent. Total monthly income registers $2,160/mo, and a $1,224/mo payment leaves $382/mo available for distribution. Annual cash flow reaches $4,582/yr on $82,875 to close, and return on cash invested stands at 25.44% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 133.72% and total cumulative return in cash at $110,818. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,160/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
2.06 Acres lot
$N/A/sqft
No 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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Listed by: Dale Lookabaugh • The Bill Lanier Team
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #157835
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.