1002 S Lamar StAmarilloTX79102
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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 Amarillo at 1002 S Lamar St, Amarillo, TX, 79102 uses $67,924 cash to close to unlock $23,398/yr annual cash flow and $1,950/mo monthly cash flow. Total monthly income runs $3,407/mo, and a $1,003/mo payment keeps the spread at $1,950/mo. Purchase price stands at $204,900, and rental yield measures 19.95% with $3,407/mo rent. Return on cash invested shows 54.36% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 288.78% and total cumulative return in cash records $196,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,407/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79102, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,579 (100%) |
| Owner Occupied HU | 1,995 (43.6%) |
| Renter Occupied HU | 1,954 (42.7%) |
| Vacant Housing Units | 630 (13.8%) |
| Median Home Value | $161,478 |
| Average Home Value | $180,330 |
Housing Distribution
Address Breakdown
Residential
4,111
Single Family
3,611
Multi-Family
500
Businesses
470
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Listed by: Merlina McAffrey • Hughes Real Estate
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-4662
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.