1408 Ricks 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
Investment property for sale in Amarillo at 1408 Ricks St, Amarillo, TX, 79104 with 5% annual appreciation on a $120,000 basis while $1,279/mo rent supports operations. Total monthly income totals $1,279/mo and a $587/mo payment preserves $426/mo for cash returns. Annual cash flow comes to $5,112/yr on $39,780 deployed, and return on cash invested reaches 32.76% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,154 alongside rental yield of 12.79%. Five-year ROI measures 172.96% and total cumulative return in cash totals $68,803.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,279/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1951
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: Jarec Pace • Pace Realty Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-925
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.