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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Amarillo at 2038 S Lipscomb St, Amarillo, TX, 79109 uses $66,267 cash to close to unlock $2,063/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $1,593/mo, and a $978/mo payment keeps the spread at $172/mo. Purchase price stands at $199,900, and rental yield measures 9.56% with $1,593/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 120.73% and total cumulative return in cash records $80,005. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,593/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1944
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 79109, Amarillo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,466 (100%) |
| Owner Occupied HU | 11,178 (54.6%) |
| Renter Occupied HU | 7,379 (36.1%) |
| Vacant Housing Units | 1,909 ( 9.3%) |
| Median Home Value | $243,928 |
| Average Home Value | $305,562 |
Residential
20,092
Single Family
14,389
Multi-Family
5,703
Businesses
1,808
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lisa R Harris • Keller Williams Realty Amarillo
Mls Name: AMMLS
Mls ID: #25-10157
