6718 N State Highway 349 #BG8HJOMidland CountyTX79706
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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 County at 6718 N State Highway 349 #BG8HJO, Midland County, TX, 79706 offers $3,028/mo rent that, after a $1,148/mo payment, leaves $1,360/mo cash flow. Total monthly income is $3,028/mo, and annual cash flow is $16,320/yr on $77,770 cash. Return on cash invested measures 40.89% in year one, and rental yield stands at 15.49% at a $234,600 entry. Equity gained on principal adds $1,514/yr while 5% annual appreciation compounds into $64,816 by year five. Five-year ROI records 216.58% and total cumulative return in cash reaches $168,431. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,028/mo property income versus a $1,148/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A