3113 S Fairfield StAmarilloTX79103
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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 3113 S Fairfield St, Amarillo, TX, 79103 priced at $172,000 converts $1,843/mo rent into $575/mo cash flow after a $842/mo obligation. Total monthly income equals $1,843/mo, and annual cash flow totals $6,905/yr on $57,018 invested. Return on cash invested prints 32.02% in year one, and rental yield reads 12.86% against a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation compiles into $47,520 by year five. Five-year ROI reaches 169.38% and total cumulative return in cash sums $96,577. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,843/mo property income covering a $842/mo payment, not borrower’s personal income.
Single Family
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79103, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,929 (100%) |
| Owner Occupied HU | 2,582 (65.7%) |
| Renter Occupied HU | 1,114 (28.4%) |
| Vacant Housing Units | 233 ( 5.9%) |
| Median Home Value | $123,721 |
| Average Home Value | $185,776 |
Housing Distribution
Address Breakdown
Residential
3,765
Single Family
3,597
Multi-Family
168
Businesses
246
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Listed by: Meagan Brown • Gaut Whittenburg Emerson Commercial Real Estate, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-7908
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.