3019 N Grand StAmarilloTX79107
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 3019 N Grand St, Amarillo, TX, 79107 in Amarillo worth study. Rental yield 1.5%. The 1.5% gross yield is below cash-flow benchmarks at $982,520, but 5% annual appreciation, adding $271,452 over five years, frames this as a capital growth position. Rent of $1,230/mo partially offsets the $4,418/mo payment. Ziffy Mortgage finances appreciation-play properties (0.28 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $6,086.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.5% | 7.8% |
| Monthly Cash Flow | $(5,757) | $850 |
City averages based on Amarillo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,230 |
| Total Monthly Debt Service | $6,596 |
| DSCR Ratio | 0.19x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
89.32 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
89.32 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices