115 Banks DrAmarilloTX79124
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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 115 Banks Dr, Amarillo, TX, 79124 uses $172,725 cash to close to unlock $5,499/yr annual cash flow and $458/mo monthly cash flow. Total monthly income runs $4,192/mo, and a $2,570/mo payment keeps the spread at $458/mo. Purchase price stands at $525,000, and rental yield measures 9.58% with $4,192/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 121.93% and total cumulative return in cash records $210,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,192/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 2014
8,400 sqft 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: Carley Saikowski • Triangle Realty, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-4323
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.