1023 N Manhattan StAmarilloTX79107
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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
Rental property for sale in Amarillo at 1023 N Manhattan St, Amarillo, TX, 79107 priced at $147,000 pairs $2,537/mo rent with $1,492/mo cash flow after a $719/mo payment. Total monthly income equals $2,537/mo, and annual cash flow comes to $17,906/yr on $48,731 invested. Return on cash invested is 56.65% in year one, and rental yield stands at 20.71% on a $147,000 basis. Equity gained on principal adds $949/yr, and 5% annual appreciation accumulates to $40,613 by year five. Five-year ROI measures 301.19% and total cumulative return in cash reaches $146,772. For financing, Ziffy Mortgage’s DSCR program evaluates $2,537/mo property income against a $719/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79107, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,156 (100%) |
| Owner Occupied HU | 5,989 (49.3%) |
| Renter Occupied HU | 4,414 (36.3%) |
| Vacant Housing Units | 1,753 (14.4%) |
| Median Home Value | $106,533 |
| Average Home Value | $183,584 |
Housing Distribution
Address Breakdown
Residential
11,261
Single Family
10,382
Multi-Family
879
Businesses
751
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Listed by: Lori Horner Realty Group • Lori Horner Realty Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-5724
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.