618 Oak AveDumasTX79029
Nearby investment properties with comparable rents
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 Dumas at 618 Oak Ave, Dumas, TX, 79029 offers $960/mo rent that, after a $602/mo payment, leaves $85/mo cash flow. Total monthly income is $960/mo, and annual cash flow is $1,024/yr on $40,775 cash. Return on cash invested measures 22.42% in year one, and rental yield stands at 9.37% at a $123,000 entry. Equity gained on principal adds $794/yr while 5% annual appreciation compounds into $33,983 by year five. Five-year ROI records 117.61% and total cumulative return in cash reaches $47,953. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $960/mo property income versus a $602/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
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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