718 Oak StDimmittTX79027
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
Investment property for sale in Dimmitt at 718 Oak St, Dimmitt, TX, 79027 uses $92,820 cash to close to unlock $11,308/yr annual cash flow and $942/mo monthly cash flow. Total monthly income runs $2,933/mo, and a $1,370/mo payment keeps the spread at $942/mo. Purchase price stands at $280,000, and rental yield measures 12.57% with $2,933/mo rent. Return on cash invested shows 32.09% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 169.42% and total cumulative return in cash records $157,257. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,933/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1962
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessi L. Bruss • Van Pelt Real Estate
Mls Name: Plainview AOR
Mls Provider:
Mls ID: #24-284
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.