6718 N State Highway 349 #1KJ5B4Midland CountyTX79706
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 County at 6718 N State Highway 349 #1KJ5B4, Midland County, TX, 79706 offers a 14.96% rental yield on a $261,600 purchase with $3,262/mo rent. Total monthly income registers $3,262/mo, and a $1,280/mo payment leaves $1,402/mo available for distribution. Annual cash flow reaches $16,825/yr on $86,720 to close, and return on cash invested stands at 39.31% in year one. Equity gained on principal adds $1,688/yr while 5% annual appreciation supports $72,275 over five years. Portfolio math shows five-year ROI at 208.14% and total cumulative return in cash at $180,496. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,262/mo property income against a $1,280/mo payment rather than investor’s personal income documents like 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A