1508 S Pierce StAmarilloTX79101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1508 S Pierce St, Amarillo, TX, 79101 with 5% annual appreciation on a $145,000 basis while $1,091/mo rent supports operations. Total monthly income totals $1,091/mo and a $710/mo payment preserves $60/mo for cash returns. Annual cash flow comes to $715/yr on $48,068 deployed, and return on cash invested reaches 21.4% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 9.03%. Five-year ROI measures 112.08% and total cumulative return in cash totals $53,876.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,091/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1926
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79101, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,346 (100%) |
| Owner Occupied HU | 206 (15.3%) |
| Renter Occupied HU | 828 (61.5%) |
| Vacant Housing Units | 312 (23.2%) |
| Median Home Value | $118,750 |
| Average Home Value | $145,947 |
Housing Distribution
Address Breakdown
Residential
1,272
Single Family
785
Multi-Family
487
Businesses
1,033
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Horner Realty Group • Lori Horner Realty Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-7804
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.