2603 S Houston StAmarilloTX79103
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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 2603 S Houston St, Amarillo, TX, 79103 offers a 9.45% rental yield on a $133,760 purchase with $1,053/mo rent. Total monthly income registers $1,053/mo, and a $655/mo payment leaves $102/mo available for distribution. Annual cash flow reaches $1,218/yr on $44,341 to close, and return on cash invested stands at 22.66% in year one. Equity gained on principal adds $863/yr while 5% annual appreciation supports $36,955 over five years. Portfolio math shows five-year ROI at 118.82% and total cumulative return in cash at $52,687. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,053/mo property income against a $655/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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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.