1500 Raef RdAmarilloTX79108
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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 1500 Raef Rd, Amarillo, TX, 79108 priced at $474,000 pairs $2,328/mo rent with after a $2,320/mo payment. Total monthly income equals $2,328/mo. Return on cash invested is 11.41% in year one, and rental yield stands at 5.89% on a $474,000 basis. Equity gained on principal adds $3,059/yr, and 5% annual appreciation accumulates to $130,957 by year five. Five-year ROI measures 58.65% and total cumulative return in cash reaches $92,153. For financing, Ziffy Mortgage’s DSCR program evaluates $2,328/mo property income against a $2,320/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79108, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,331 (100%) |
| Owner Occupied HU | 3,671 (68.9%) |
| Renter Occupied HU | 1,068 (20.0%) |
| Vacant Housing Units | 592 (11.1%) |
| Median Home Value | $185,725 |
| Average Home Value | $219,712 |
Housing Distribution
Address Breakdown
Residential
5,069
Single Family
4,909
Multi-Family
160
Businesses
208
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Listed by: Nicklas Espinosa • Keller Williams Realty Amarillo
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-9892
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.