1008 S Milam 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 1008 S Milam St, Amarillo, TX, 79102 offers a 11.61% rental yield on a $141,600 purchase with $1,370/mo rent. Total monthly income registers $1,370/mo, and a $693/mo payment leaves $353/mo available for distribution. Annual cash flow reaches $4,240/yr on $46,940 to close, and return on cash invested stands at 28.94% in year one. Equity gained on principal adds $914/yr while 5% annual appreciation supports $39,121 over five years. Portfolio math shows five-year ROI at 152.66% and total cumulative return in cash at $71,661. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,370/mo property income against a $693/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
7,405 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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