3513 Concord RdAmarilloTX79109
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3513 Concord Rd, Amarillo, TX, 79109 in Amarillo at $169,900 earns $1,331/mo in rent and nets $123/mo after the $764/mo payment, a 9.4% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $46,940 over five years. Ziffy Mortgage underwrites this on a 1.74 DSCR without U.S. credit history. With $1,565/yr in principal paydown, total projected return reaches $73,047.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.8% |
| Monthly Cash Flow | $123 | $850 |
City averages based on Amarillo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,331 |
| Total Monthly Debt Service | $1,141 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1955
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79109, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,466 (100%) |
| Owner Occupied HU | 11,178 (54.6%) |
| Renter Occupied HU | 7,379 (36.1%) |
| Vacant Housing Units | 1,909 ( 9.3%) |
| Median Home Value | $243,928 |
| Average Home Value | $305,562 |
Housing Distribution
Address Breakdown
Residential
20,092
Single Family
14,389
Multi-Family
5,703
Businesses
1,808
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 1955
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79109, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,466 (100%) |
| Owner Occupied HU | 11,178 (54.6%) |
| Renter Occupied HU | 7,379 (36.1%) |
| Vacant Housing Units | 1,909 ( 9.3%) |
| Median Home Value | $243,928 |
| Average Home Value | $305,562 |
Housing Distribution
Address Breakdown
Residential
20,092
Single Family
14,389
Multi-Family
5,703
Businesses
1,808
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Whitfield • Coldwell Banker First Equity
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-5045
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.