317 Morton 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
Rental property for sale in Dumas at 317 Morton Ave, Dumas, TX, 79029 priced at $258,000 converts $2,552/mo rent into $717/mo cash flow after a $1,263/mo obligation. Total monthly income equals $2,552/mo, and annual cash flow totals $8,605/yr on $85,527 invested. Return on cash invested prints 29.97% in year one, and rental yield reads 11.87% against a $258,000 entry. Equity gained on principal adds $1,665/yr, while 5% annual appreciation compiles into $71,281 by year five. Five-year ROI reaches 158.04% and total cumulative return in cash sums $135,170. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,552/mo property income covering a $1,263/mo payment, not borrower’s personal income.
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: Kaden Viner • RE/MAX Town & Country II
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-5415
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.