3413 Gladstone LnAmarilloTX79121
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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 3413 Gladstone Ln, Amarillo, TX, 79121 uses $68,123 cash to close to unlock $5,151/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $1,912/mo, and a $1,006/mo payment keeps the spread at $429/mo. Purchase price stands at $205,500, and rental yield measures 11.16% with $1,912/mo rent. Return on cash invested shows 27.47% in year one, and 5% annual appreciation builds toward $56,776 over five years. Five-year ROI reaches 144.79% and total cumulative return in cash records $98,635. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,912/mo property income covering a $1,006/mo payment rather than investor’s personal income.
Condo
Built in 1983
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79121, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 2,095 (66.8%) |
| Renter Occupied HU | 793 (25.3%) |
| Vacant Housing Units | 249 ( 7.9%) |
| Median Home Value | $290,357 |
| Average Home Value | $361,521 |
Housing Distribution
Address Breakdown
Residential
2,841
Single Family
2,381
Multi-Family
460
Businesses
218
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