Devonwood Plan, Heritage OaksMidlandTX79707
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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 Devonwood Plan, Heritage Oaks, Midland, TX, 79707 offers $3,827/mo rent that, after a $2,293/mo payment, leaves $495/mo cash flow. Total monthly income is $3,827/mo, and annual cash flow is $5,946/yr on $155,308 cash. Return on cash invested measures 23.74% in year one, and rental yield stands at 9.8% at a $468,500 entry. Equity gained on principal adds $3,023/yr while 5% annual appreciation compounds into $129,438 by year five. Five-year ROI records 124.6% and total cumulative return in cash reaches $193,506. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,827/mo property income versus a $2,293/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and 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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