1701 Morningside AveAmarilloTX79118
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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 1701 Morningside Ave, Amarillo, TX, 79118 earns $770/mo cash flow from $2,689/mo rent with a $1,321/mo payment. Total monthly income totals $2,689/mo, and annual cash flow totals $9,237/yr on $89,472 capital. ROI tracks 30.23% on current figures, and rental yield reads 11.96% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 159.42% and total cumulative return in cash sums $142,638. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,689/mo property income instead of your personal income.
Single Family
Built in 2023
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79118, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,767 (100%) |
| Owner Occupied HU | 8,485 (72.1%) |
| Renter Occupied HU | 2,390 (20.3%) |
| Vacant Housing Units | 892 ( 7.6%) |
| Median Home Value | $258,781 |
| Average Home Value | $307,731 |
Housing Distribution
Address Breakdown
Residential
11,483
Single Family
10,529
Multi-Family
954
Businesses
383
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