CARLSBAD Plan, Northwest PassageMidlandTX79707
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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 CARLSBAD Plan, Northwest Passage, Midland, TX, 79707 priced at $370,990 pairs $3,496/mo rent with $858/mo cash flow after a $1,816/mo payment. Total monthly income equals $3,496/mo, and annual cash flow comes to $10,292/yr on $122,983 invested. Return on cash invested is 28.28% in year one, and rental yield stands at 11.31% on a $370,990 basis. Equity gained on principal adds $2,394/yr, and 5% annual appreciation accumulates to $102,498 by year five. Five-year ROI measures 148.93% and total cumulative return in cash reaches $183,160. For financing, Ziffy Mortgage’s DSCR program evaluates $3,496/mo property income against a $1,816/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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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