228 N Meredith AveDumasTX79029
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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
Investment property for sale in Dumas at 228 N Meredith Ave, Dumas, TX, 79029 with 5% annual appreciation on a $159,000 basis while $2,262/mo rent supports operations. Total monthly income totals $2,262/mo and a $778/mo payment preserves $1,132/mo for cash returns. Annual cash flow comes to $13,579/yr on $52,709 deployed, and return on cash invested reaches 45.67% in year one. Equity gained on principal adds $1,026/yr, and five-year appreciation sums $43,929 alongside rental yield of 17.07%. Five-year ROI measures 242.24% and total cumulative return in cash totals $127,680.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,262/mo property income versus a $778/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79029, Dumas, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,446 (100%) |
| Owner Occupied HU | 3,800 (59.0%) |
| Renter Occupied HU | 1,929 (29.9%) |
| Vacant Housing Units | 717 (11.1%) |
| Median Home Value | $161,628 |
| Average Home Value | $192,270 |
Housing Distribution
Address Breakdown
Residential
5,601
Single Family
5,469
Multi-Family
132
Businesses
639
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Listed by: Saul Mares • Berkshire Hathaway HomeServices Premier Properties
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-6233
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.