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$311,000

2603 Quail Ridge Rd, Midland, TX, 79706

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size4.82 acres

Land Information

APNR000036282
SubdivisionParker Acres
Land UseVacant Residential 5.0 Acres Or Less Imprv
Legal DescriptionACRES: 4.820 TRACT: 021 ADDN: PARKER ACRES; S&E W 5'
Census Tract010122
Assessed Land Value$57,840
Assessment Year2025

About this property

This 5-acre property features a front fence constructed of brick and wrought iron for a bold first impression and a 6-foot privacy fence. A 3,600 sq ft semi-covered patio/shop sits on a concrete slab wired with electric. The property is equipped with two electric meters, a high-capacity water well powered by a 5HP pump delivering 100 GPM, and a 2” City of Midland water tap. Enjoy stunning views of downtown Midland and quick access to Highway 80 and just minutes from the Loop.

Investor Tools

Property Icon
$311,000
Estimated Property Value
$190,000Estimated Mortgage Balance
$146,050Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$203/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$877
$57,840
2025
$57,840
N/A
$57,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$877
$57,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Manuel Valdez Etal
Purchase Money Mortgage
$190,000
No
First
Sep 3, 2019
Sep 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,306
$145,694
46%
53%
$1,140/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Midland

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2603 Quail Ridge Rd | Property Details | No Agent List