1307 Wheatstraw RdAmarilloTX79118
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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 1307 Wheatstraw Rd, Amarillo, TX, 79118 uses $63,648 cash to close to unlock $1,349/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $1,478/mo, and a $940/mo payment keeps the spread at $112/mo. Purchase price stands at $192,000, and rental yield measures 9.24% with $1,478/mo rent. Return on cash invested shows 22.03% in year one, and 5% annual appreciation builds toward $53,046 over five years. Five-year ROI reaches 115.47% and total cumulative return in cash records $73,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,478/mo property income covering a $940/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
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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