2303 Smiser StAmarilloTX79124
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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
Investment property for sale in Amarillo at 2303 Smiser St, Amarillo, TX, 79124 uses $53,040 cash to close to unlock $928/yr annual cash flow and $77/mo monthly cash flow. Total monthly income runs $1,215/mo, and a $783/mo payment keeps the spread at $77/mo. Purchase price stands at $160,000, and rental yield measures 9.11% with $1,215/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 113.51% and total cumulative return in cash records $60,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,215/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 1983
0.29 Acres 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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