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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 2223 Laurel St, Amarillo, TX, 79109 offers a 11.69% rental yield on a $165,000 purchase with $1,607/mo rent. Total monthly income registers $1,607/mo, and a $808/mo payment leaves $262/mo available for distribution. Annual cash flow reaches $3,146/yr on $54,698 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 136.33% and total cumulative return in cash at $74,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,607/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
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 |
|---|---|---|
| 2025-03-10 | Listed for sale | $165,000 |
| 2024-10-25 | Listing removed | $145,000 |
| 2024-10-17 | Contingent | $145,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-11 | $4791.58 | 61.40% | $87,679 | -36.10% |
| 2023-03-11 | $2968.80 | 25.22% | $137,214 | 37.21% |
| 2022-03-11 | $2370.82 | -20.84% | $100,000 | -15.85% |
Listed by: Michelle Lard • RockOne Realty, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-2454
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.
