2706 Magnolia StAmarilloTX79107
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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 2706 Magnolia St, Amarillo, TX, 79107 uses $41,537 cash to close to unlock $7,335/yr annual cash flow and $611/mo monthly cash flow. Total monthly income runs $1,502/mo, and a $613/mo payment keeps the spread at $611/mo. Purchase price stands at $125,300, and rental yield measures 14.38% with $1,502/mo rent. Return on cash invested shows 37.57% in year one, and 5% annual appreciation builds toward $34,618 over five years. Five-year ROI reaches 198.86% and total cumulative return in cash records $82,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,502/mo property income covering a $613/mo payment rather than investor’s personal income.
Single Family
Built in 1958
7,475 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79107, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,156 (100%) |
| Owner Occupied HU | 5,989 (49.3%) |
| Renter Occupied HU | 4,414 (36.3%) |
| Vacant Housing Units | 1,753 (14.4%) |
| Median Home Value | $106,533 |
| Average Home Value | $183,584 |
Housing Distribution
Address Breakdown
Residential
11,261
Single Family
10,382
Multi-Family
879
Businesses
751
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