FOR SALE – Turnkey Investment Property
ASSUMABLE 5.5% MORTGAGE (Qualified buyers only)
6912 Expedition Drive, Midland, TX 79707
Investor Opportunity – Tenant in Place Through Next Year!
Skip the vacancy and start collecting rental income from day one.
This newer 4-bedroom, 2-bath home is currently leased to a reliable tenant, and the lease transfers to the new owner at closing. The property is approximately 1,837 sq. ft. and was built in 2024
4 Bedrooms
2 Bathrooms
Approx. 1,837 sq. ft.
Built in 2024
Modern open-concept floor plan
Desirable Northwest Midland location near Hwy 191
Tenant already in place
Immediate rental income
Buyer assumes current lease
Positive cash flow from day one
Currently generating approximately $500/month positive cash flow (rent exceeds mortgage by about $500).
Excellent opportunity for a first-time investor or someone looking to expand their rental portfolio.
Serious investors only. Lease details and financial information available upon request.
I would also recommend adding:
Current monthly rent: $3000
Lease expiration date: October 2027
20 days
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297
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8
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Listed by:
Property Owner(361) 549-5368
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.