2301 Hancock StAmarilloTX79106
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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 2301 Hancock St, Amarillo, TX, 79106 generates $2,234/mo in rent and, after a $1,322/mo payment, leaves $293/mo in cash flow. Total monthly income is $2,234/mo, and annual cash flow is $3,511/yr on $89,505 invested. Return on cash invested sits at 23.83% in year one, and rental yield is 9.93% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 125.21% and total cumulative return in cash sums $112,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,234/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79106, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,546 (100%) |
| Owner Occupied HU | 6,023 (44.5%) |
| Renter Occupied HU | 5,705 (42.1%) |
| Vacant Housing Units | 1,818 (13.4%) |
| Median Home Value | $184,695 |
| Average Home Value | $226,037 |
Housing Distribution
Address Breakdown
Residential
12,719
Single Family
10,175
Multi-Family
2,544
Businesses
1,280
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Listed by: Shelly R Cantrell • ERA Courtyard Real Estate
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-3855
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.