501 Elm 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 501 Elm Ave, Dumas, TX, 79029 offers a 9.16% rental yield on a $146,300 purchase with $1,117/mo rent. Total monthly income registers $1,117/mo, and a $716/mo payment leaves $77/mo available for distribution. Annual cash flow reaches $920/yr on $48,498 to close, and return on cash invested stands at 21.81% in year one. Equity gained on principal adds $944/yr while 5% annual appreciation supports $40,420 over five years. Portfolio math shows five-year ROI at 114.26% and total cumulative return in cash at $55,412. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,117/mo property income against a $716/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
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: Courtney Dettle • EXP Realty, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-9087
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.