1606 S Milam 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 1606 S Milam St, Amarillo, TX, 79102 generates $2,954/mo in rent and, after a $1,786/mo payment, leaves $359/mo in cash flow. Total monthly income is $2,954/mo, and annual cash flow is $4,307/yr on $120,998 invested. Return on cash invested sits at 23.47% in year one, and rental yield is 9.71% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 123.12% and total cumulative return in cash sums $148,975. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,954/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
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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