3506 Springfield 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 3506 Springfield Ave, Amarillo, TX, 79118 offers a 14.9% rental yield on a $264,900 purchase with $3,290/mo rent. Total monthly income registers $3,290/mo, and a $1,297/mo payment leaves $1,335/mo available for distribution. Annual cash flow reaches $16,014/yr on $87,814 to close, and return on cash invested stands at 38.15% in year one. Equity gained on principal adds $1,709/yr while 5% annual appreciation supports $73,187 over five years. Portfolio math shows five-year ROI at 202.21% and total cumulative return in cash at $177,572. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,290/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
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: Lucia Hernandez • Keller Williams Realty Amarillo
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-3170
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.