2815 Ridgemere BlvdAmarilloTX79107
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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
Rental property for sale in Amarillo at 2815 Ridgemere Blvd, Amarillo, TX, 79107 offers $1,930/mo rent that, after a $976/mo payment, leaves $305/mo cash flow. Total monthly income is $1,930/mo, and annual cash flow is $3,663/yr on $66,134 cash. Return on cash invested measures 25.45% in year one, and rental yield stands at 11.61% at a $199,500 entry. Equity gained on principal adds $1,287/yr while 5% annual appreciation compounds into $55,118 by year five. Five-year ROI records 135.17% and total cumulative return in cash reaches $89,395. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,930/mo property income versus a $976/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
7,405 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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Listed by: Monica Mata • Latham Hometown Realty
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-8123
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.