1606 N Arapahoe StAmarilloTX79107
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 1606 N Arapahoe St, Amarillo, TX, 79107 in Amarillo: $1,468/mo in rent, $373/mo in net income, 11.44% gross yield, 2.12 DSCR, all at $153,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $42,520 in appreciation and $1,417/yr in principal paydown projects total cumulative return of $83,033.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 7.8% |
| Monthly Cash Flow | $373 | $850 |
City averages based on Amarillo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,468 |
| Total Monthly Debt Service | $1,033 |
| DSCR Ratio | 1.42x |
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 1976
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79107, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,156 (100%) |
| Owner Occupied HU | 5,989 (49.3%) |
| Renter Occupied HU | 4,414 (36.3%) |
| Vacant Housing Units | 1,753 (14.4%) |
| Median Home Value | $106,533 |
| Average Home Value | $183,584 |
Housing Distribution
Address Breakdown
Residential
11,261
Single Family
10,382
Multi-Family
879
Businesses
751
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 1976
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79107, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,156 (100%) |
| Owner Occupied HU | 5,989 (49.3%) |
| Renter Occupied HU | 4,414 (36.3%) |
| Vacant Housing Units | 1,753 (14.4%) |
| Median Home Value | $106,533 |
| Average Home Value | $183,584 |
Housing Distribution
Address Breakdown
Residential
11,261
Single Family
10,382
Multi-Family
879
Businesses
751
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices