1101 Smiley StAmarilloTX79106
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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 1101 Smiley St, Amarillo, TX, 79106 offers a 9.96% rental yield on a $171,000 purchase with $1,420/mo rent. Total monthly income registers $1,420/mo, and a $837/mo payment leaves $135/mo available for distribution. Annual cash flow reaches $1,623/yr on $56,687 to close, and return on cash invested stands at 22.77% in year one. Equity gained on principal adds $1,103/yr while 5% annual appreciation supports $47,244 over five years. Portfolio math shows five-year ROI at 119.98% and total cumulative return in cash at $68,015. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,420/mo property income against a $837/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79106, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,546 (100%) |
| Owner Occupied HU | 6,023 (44.5%) |
| Renter Occupied HU | 5,705 (42.1%) |
| Vacant Housing Units | 1,818 (13.4%) |
| Median Home Value | $184,695 |
| Average Home Value | $226,037 |
Housing Distribution
Address Breakdown
Residential
12,719
Single Family
10,175
Multi-Family
2,544
Businesses
1,280
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Listed by: Jed Welch • ERA Courtyard Real Estate
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-3804
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.