6718 N State Highway 349 #PPWXGKMidland 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
Rental property for sale in Midland County at 6718 N State Highway 349 #PPWXGK, Midland County, TX, 79706 priced at $235,600 converts $3,028/mo rent into $1,353/mo cash flow after a $1,153/mo obligation. Total monthly income equals $3,028/mo, and annual cash flow totals $16,233/yr on $78,101 invested. Return on cash invested prints 40.69% in year one, and rental yield reads 15.42% against a $235,600 entry. Equity gained on principal adds $1,520/yr, while 5% annual appreciation compiles into $65,092 by year five. Five-year ROI reaches 215.52% and total cumulative return in cash sums $168,325. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,028/mo property income covering a $1,153/mo payment, not borrower’s personal income.
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