216 Banks DrAmarilloTX79124
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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 216 Banks Dr, Amarillo, TX, 79124 priced at $645,000 converts $4,513/mo rent into after a $3,157/mo obligation. Total monthly income equals $4,513/mo. Return on cash invested prints 19.64% in year one, and rental yield reads 8.4% against a $645,000 entry. Equity gained on principal adds $4,162/yr, while 5% annual appreciation compiles into $178,202 by year five. Five-year ROI reaches 102.62% and total cumulative return in cash sums $217,756. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,513/mo property income covering a $3,157/mo payment, not borrower’s personal income.
Single Family
Built in 2014
N/A lot
$N/A/sqft
No 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
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Listed by: Carla Roys • Larry Brown, REALTORS
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-2799
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.