1506 Crockett StAmarilloTX79102
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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 1506 Crockett St, Amarillo, TX, 79102 priced at $377,000 converts $2,947/mo rent into $264/mo cash flow after a $1,845/mo obligation. Total monthly income equals $2,947/mo, and annual cash flow totals $3,166/yr on $124,976 invested. Return on cash invested prints 22.44% in year one, and rental yield reads 9.38% against a $377,000 entry. Equity gained on principal adds $2,433/yr, while 5% annual appreciation compiles into $104,158 by year five. Five-year ROI reaches 117.64% and total cumulative return in cash sums $147,019. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,947/mo property income covering a $1,845/mo payment, not borrower’s personal income.
Single Family
Built in 1949
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79102, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,579 (100%) |
| Owner Occupied HU | 1,995 (43.6%) |
| Renter Occupied HU | 1,954 (42.7%) |
| Vacant Housing Units | 630 (13.8%) |
| Median Home Value | $161,478 |
| Average Home Value | $180,330 |
Housing Distribution
Address Breakdown
Residential
4,111
Single Family
3,611
Multi-Family
500
Businesses
470
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Listed by: Jamie Ried • Coldwell Banker First Equity
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-3214
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.