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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Amarillo at 2808 Steves Way, Amarillo, TX, 79118 generates $1,861/mo in rent and, after a $978/mo payment, leaves $440/mo in cash flow. Total monthly income is $1,861/mo, and annual cash flow is $5,279/yr on $66,267 invested. Return on cash invested sits at 27.87% in year one, and rental yield is 11.17% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 146.77% and total cumulative return in cash sums $97,261. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,861/mo property income rather than buyer’s personal income.
Single Family
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 79118, Amarillo, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,767 (100%) |
| Owner Occupied HU | 8,485 (72.1%) |
| Renter Occupied HU | 2,390 (20.3%) |
| Vacant Housing Units | 892 ( 7.6%) |
| Median Home Value | $258,781 |
| Average Home Value | $307,731 |
Residential
11,483
Single Family
10,529
Multi-Family
954
Businesses
383
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jennifer Rosenbach • Amarillo's Parkview Realty, LLC
Mls Name: AMMLS
Mls ID: #25-9899
