3601 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 3601 Springfield Ave, Amarillo, TX, 79118 uses $94,312 cash to close to unlock $18,328/yr annual cash flow and $1,527/mo monthly cash flow. Total monthly income runs $3,550/mo, and a $1,392/mo payment keeps the spread at $1,527/mo. Purchase price stands at $284,500, and rental yield measures 14.97% with $3,550/mo rent. Return on cash invested shows 39.34% in year one, and 5% annual appreciation builds toward $78,602 over five years. Five-year ROI reaches 208.29% and total cumulative return in cash records $196,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,550/mo property income covering a $1,392/mo payment rather than investor’s personal income.
Single Family
Built in 2010
7,405 sqft 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: Cindy Hays • Landmark Realty Amarillo
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-6791
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.