2904 Spokane AveAmarilloTX79118
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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 2904 Spokane Ave, Amarillo, TX, 79118 listed at $359,000 pairs $2,828/mo rent with a $1,757/mo payment to leave $275/mo cash flow. Total monthly income runs $2,828/mo, and annual cash flow reaches $3,303/yr on $119,009 cash to close. Return on cash invested measures 22.68% in year one, and rental yield registers 9.45% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 118.95% and total cumulative return in cash totals $141,559. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,828/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79118, Amarillo, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,483
Single Family
10,529
Multi-Family
954
Businesses
383
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Listed by: Jordan Gilley • Moreland Real Estate Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-7454
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.