2603 S Houston StAmarilloTX79103
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 2603 S Houston St, Amarillo, TX, 79103 in Amarillo, $133,760, 9.45% gross yield, $102/mo net income. Consider it a market-entry position, the $1,053/mo rent covers the $601/mo payment with a margin, and 5%/yr appreciation is projected to add $36,955 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.75) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $57,855.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.8% |
| Monthly Cash Flow | $102 | $850 |
City averages based on Amarillo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,053 |
| Total Monthly Debt Service | $898 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79103, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,929 (100%) |
| Owner Occupied HU | 2,582 (65.7%) |
| Renter Occupied HU | 1,114 (28.4%) |
| Vacant Housing Units | 233 ( 5.9%) |
| Median Home Value | $123,721 |
| Average Home Value | $185,776 |
Housing Distribution
Address Breakdown
Residential
3,765
Single Family
3,597
Multi-Family
168
Businesses
246
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79103, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,929 (100%) |
| Owner Occupied HU | 2,582 (65.7%) |
| Renter Occupied HU | 1,114 (28.4%) |
| Vacant Housing Units | 233 ( 5.9%) |
| Median Home Value | $123,721 |
| Average Home Value | $185,776 |
Housing Distribution
Address Breakdown
Residential
3,765
Single Family
3,597
Multi-Family
168
Businesses
246
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wendy Carnero • RockOne Realty, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-8871
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.