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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Dimmitt at 708 Oak St, Dimmitt, TX, 79027 offers $2,082/mo rent that, after a $930/mo payment, leaves $731/mo cash flow. Total monthly income is $2,082/mo, and annual cash flow is $8,770/yr on $62,985 cash. Return on cash invested measures 33.83% in year one, and rental yield stands at 13.15% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 178.71% and total cumulative return in cash reaches $112,560. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,082/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 79027, Dimmitt, TX area.
| 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 |
Residential
1,481
Single Family
1,443
Multi-Family
38
Businesses
235
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Listed for sale | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $1965.52 | -0.43% | $79,460 | 8.17% |
| 2022-08-30 | $1974.01 | N/A | $73,460 | 4.63% |
| 2021-08-30 | N/A | N/A | $70,210 | 2.77% |
Listed by: Krystal Nelson • Scott Land Co., LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-7179
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.
