1030 Ricks StAmarilloTX79104
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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 1030 Ricks St, Amarillo, TX, 79104 uses $54,366 cash to close to unlock $1,710/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $1,309/mo, and a $803/mo payment keeps the spread at $142/mo. Purchase price stands at $164,000, and rental yield measures 9.58% with $1,309/mo rent. Return on cash invested shows 23.05% in year one, and 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 120.95% and total cumulative return in cash records $65,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,309/mo property income covering a $803/mo payment rather than investor’s personal income.
Single Family
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79104, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,746 (100%) |
| Owner Occupied HU | 1,486 (54.1%) |
| Renter Occupied HU | 983 (35.8%) |
| Vacant Housing Units | 277 (10.1%) |
| Median Home Value | $108,209 |
| Average Home Value | $175,998 |
Housing Distribution
Address Breakdown
Residential
2,521
Single Family
2,368
Multi-Family
153
Businesses
193
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