Under $500K Investment Properties for Sale in Amarillo, TX
581- 4 Bed
- 2 Bath
- 2033 sft
761- 3 Bed
- 2 Bath
- - sft
668- 3 Bed
- 2 Bath
- 1476 sft
455- 3 Bed
- 2 Bath
- 1663 sft
Why Invest in Amarillo, Texas?
Amarillo, TX offers strong investment potential in properties under $500k, with median home prices around $240k providing accessible entry points for cash-flowing rentals. Affordable housing below the national average supports solid **rental yields** of 7-9% and **cap rates** near 8%. Steady appreciation at 5-8% annually, driven by economic growth in energy and manufacturing, enhances long-term returns. High renter occupancy over 40% reflects consistent demand from a growing workforce. Low vacancy and rising rents make under-$500k deals ideal for passive income.
Frequently Asked Questions
Median prices around $240k allow high cash flow with avg $850 monthly after expenses. Strong rental demand from students and workers yields 8% returns. Appreciation at 6% adds equity growth.
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