405 NW 3rd 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 405 NW 3rd St, Dimmitt, TX, 79027 uses $51,813 cash to close to unlock $4,062/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $1,450/mo, and a $765/mo payment keeps the spread at $339/mo. Purchase price stands at $156,300, and rental yield measures 11.13% with $1,450/mo rent. Return on cash invested shows 27.75% in year one, and 5% annual appreciation builds toward $43,183 over five years. Five-year ROI reaches 146.15% and total cumulative return in cash records $75,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,450/mo property income covering a $765/mo payment rather than investor’s personal income.
Single Family
Built in 1942
6,882 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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