2925 Patton 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
Rental property for sale in Amarillo at 2925 Patton Ave, Amarillo, TX, 79118 offers $3,569/mo rent that, after a $2,202/mo payment, leaves $370/mo cash flow. Total monthly income is $3,569/mo, and annual cash flow is $4,435/yr on $149,158 cash. Return on cash invested measures 22.88% in year one, and rental yield stands at 9.52% at a $449,950 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,313 by year five. Five-year ROI records 120% and total cumulative return in cash reaches $178,994. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,569/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
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: LaDonna Hardegree • RockOne Realty, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-6817
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.