11111 Andretti DrAmarilloTX79118
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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 11111 Andretti Dr, Amarillo, TX, 79118 priced at $337,000 converts $2,377/mo rent into after a $1,649/mo obligation. Total monthly income equals $2,377/mo. Return on cash invested prints 19.42% in year one, and rental yield reads 8.46% against a $337,000 entry. Equity gained on principal adds $2,175/yr, while 5% annual appreciation compiles into $93,107 by year five. Five-year ROI reaches 101.54% and total cumulative return in cash sums $113,436. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,377/mo property income covering a $1,649/mo payment, not borrower’s personal income.
Single Family
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79118, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,767 (100%) |
| Owner Occupied HU | 8,485 (72.1%) |
| Renter Occupied HU | 2,390 (20.3%) |
| Vacant Housing Units | 892 ( 7.6%) |
| Median Home Value | $258,781 |
| Average Home Value | $307,731 |
Housing Distribution
Address Breakdown
Residential
11,483
Single Family
10,529
Multi-Family
954
Businesses
383
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Listed by: Bretta Kotara • Lyons Realty
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-9900
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.