3622 SE 31st AveAmarilloTX79103
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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 3622 SE 31st Ave, Amarillo, TX, 79103 uses $52,709 cash to close to unlock $1,063/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,219/mo, and a $778/mo payment keeps the spread at $89/mo. Purchase price stands at $159,000, and rental yield measures 9.2% with $1,219/mo rent. Return on cash invested shows 21.92% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 114.93% and total cumulative return in cash records $60,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,219/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1960
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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