2305 Larry 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
Investment property for sale in Amarillo at 2305 Larry St, Amarillo, TX, 79106 offers a 11.67% rental yield on a $242,400 purchase with $2,357/mo rent. Total monthly income registers $2,357/mo, and a $1,186/mo payment leaves $634/mo available for distribution. Annual cash flow reaches $7,604/yr on $80,356 to close, and return on cash invested stands at 29.37% in year one. Equity gained on principal adds $1,564/yr while 5% annual appreciation supports $66,971 over five years. Portfolio math shows five-year ROI at 154.8% and total cumulative return in cash at $124,392. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,357/mo property income against a $1,186/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
9,584 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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