604 Oak StDimmittTX79027
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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
Investment Highlights
Rental property for sale in Dimmitt at 604 Oak St, Dimmitt, TX, 79027 offers $1,548/mo rent that, after a $857/mo payment, leaves $303/mo cash flow. Total monthly income is $1,548/mo, and annual cash flow is $3,637/yr on $58,013 cash. Return on cash invested measures 26.18% in year one, and rental yield stands at 10.61% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 137.73% and total cumulative return in cash reaches $79,903. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,548/mo property income versus a $857/mo payment rather than borrower’s personal income verification through 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: 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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