401 W Jones StDimmittTX79027
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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 Dimmitt at 401 W Jones St, Dimmitt, TX, 79027 uses $63,648 cash to close to unlock $1,037/yr annual cash flow and $86/mo monthly cash flow. Total monthly income runs $1,452/mo, and a $940/mo payment keeps the spread at $86/mo. Purchase price stands at $192,000, and rental yield measures 9.07% with $1,452/mo rent. Return on cash invested shows 21.54% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 112.83% and total cumulative return in cash records $71,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,452/mo property income covering a $940/mo payment rather than investor’s personal income.
Single Family
Built in 1986
7,405 sqft 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
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Listed by: Lori Horner Realty Group • Lori Horner Realty Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-3990
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.