19 Snead LnAmarilloTX79124
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
Rental property for sale in Amarillo at 19 Snead Ln, Amarillo, TX, 79124 priced at $700,000 pairs $8,167/mo rent with $2,614/mo cash flow after a $3,426/mo payment. Total monthly income equals $8,167/mo, and annual cash flow comes to $31,372/yr on $230,300 invested. Return on cash invested is 33.68% in year one, and rental yield stands at 14% on a $700,000 basis. Equity gained on principal adds $4,517/yr, and 5% annual appreciation accumulates to $193,397 by year five. Five-year ROI measures 178.99% and total cumulative return in cash reaches $412,204. For financing, Ziffy Mortgage’s DSCR program evaluates $8,167/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1999
0.25 Acres lot
$N/A/sqft
$575 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79124, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,258 (100%) |
| Owner Occupied HU | 3,895 (74.1%) |
| Renter Occupied HU | 952 (18.1%) |
| Vacant Housing Units | 411 ( 7.8%) |
| Median Home Value | $362,263 |
| Average Home Value | $400,636 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,315
Multi-Family
647
Businesses
313
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Monk • Coldwell Banker First Equity
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-5717
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.