2940 Us Highway 385DimmittTX79027
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 2940 Us Highway 385, Dimmitt, TX, 79027 in Dimmitt offers a clean, manageable entry. Rental yield 7.21%. DSCR 1.34 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $111,894 in additional property value over five years, with $3,730/yr in principal equity building ownership stake. Total projected cumulative return: $126,475.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.2% |
| Monthly Cash Flow | $(447) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,433 |
| Total Monthly Debt Service | $2,719 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
2.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79027, Dimmitt, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,052 (55.0%) |
| Renter Occupied HU | 569 (29.7%) |
| Vacant Housing Units | 293 (15.3%) |
| Median Home Value | $105,676 |
| Average Home Value | $130,076 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,443
Multi-Family
38
Businesses
235
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
Single Family
Built in 1961
2.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79027, Dimmitt, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,052 (55.0%) |
| Renter Occupied HU | 569 (29.7%) |
| Vacant Housing Units | 293 (15.3%) |
| Median Home Value | $105,676 |
| Average Home Value | $130,076 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,443
Multi-Family
38
Businesses
235
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Taylor • Better Homes and Gardens
Mls Name: LBMLS
Mls Provider:
Mls ID: #202416031
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.