109 Dewey AveAmarilloTX79124
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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 109 Dewey Ave, Amarillo, TX, 79124 priced at $374,900 converts $3,157/mo rent into $491/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,157/mo, and annual cash flow totals $5,892/yr on $124,279 invested. Return on cash invested prints 24.65% in year one, and rental yield reads 10.11% against a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation compiles into $103,578 by year five. Five-year ROI reaches 129.46% and total cumulative return in cash sums $160,891. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,157/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79124, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,258 (100%) |
| Owner Occupied HU | 3,895 (74.1%) |
| Renter Occupied HU | 952 (18.1%) |
| Vacant Housing Units | 411 ( 7.8%) |
| Median Home Value | $362,263 |
| Average Home Value | $400,636 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,315
Multi-Family
647
Businesses
313
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Listed by: Andrea Schmidt • Lyons Realty
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-3205
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.