1511 S Austin StAmarilloTX79102
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1511 S Austin St, Amarillo, TX, 79102 in Amarillo is a solid income-producing rental, 9.52% gross yield, $2,063/mo rent, $214/mo net cash flow on a $260,000 buy. DSCR 1.76 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $71,833 and $2,395/yr in principal reduction project a total cumulative return of $113,421.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.8% |
| Monthly Cash Flow | $214 | $850 |
City averages based on Amarillo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,063 |
| Total Monthly Debt Service | $1,745 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
0.26 Acres 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
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
Single Family
Built in 1948
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Haley Sutter • Horton Neely, LLC, REALTORS
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-4464
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.