1041 Hodges 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
Rental property for sale in Amarillo at 1041 Hodges St, Amarillo, TX, 79104 priced at $179,000 converts $1,998/mo rent into $714/mo cash flow after a $876/mo obligation. Total monthly income equals $1,998/mo, and annual cash flow totals $8,567/yr on $59,339 invested. Return on cash invested prints 34.35% in year one, and rental yield reads 13.39% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 181.55% and total cumulative return in cash sums $107,727. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,998/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1956
6,534 sqft 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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Listed by: Ana Garcia • Coldwell Banker First Equity
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-6229
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.