1803 Morningside AveAmarilloTX79118
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 1803 Morningside Ave, Amarillo, TX, 79118 at $266,000 posts ROI 27.02% with $522/mo cash flow from $2,414/mo rent. Total monthly income equals $2,414/mo, and annual cash flow records $6,268/yr on $88,179 to close. Return on cash invested measures 27.02% and rental yield reads 10.89% at the current $266,000. Equity gained on principal adds $1,716/yr, and 5% annual appreciation supports $73,491 by year five. Five-year ROI prints 142.19% and total cumulative return in cash totals $125,381.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,414/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mikki Burns • Fathom Realty, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-1397
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.