1101 S Channing 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 1101 S Channing St, Amarillo, TX, 79104 generates $1,927/mo in rent and, after a $930/mo payment, leaves $576/mo in cash flow. Total monthly income is $1,927/mo, and annual cash flow is $6,910/yr on $62,985 invested. Return on cash invested sits at 30.88% in year one, and rental yield is 12.17% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 162.86% and total cumulative return in cash sums $102,576. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,927/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
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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Listed by: Kyla Rodriguez • Moreland Real Estate Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-6706
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.