3701 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 3701 Springfield Ave, Amarillo, TX, 79118 uses $117,683 cash to close to unlock $6,013/yr annual cash flow and $501/mo monthly cash flow. Total monthly income runs $3,026/mo, and a $1,738/mo payment keeps the spread at $501/mo. Purchase price stands at $355,000, and rental yield measures 10.23% with $3,026/mo rent. Return on cash invested shows 25.02% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 131.49% and total cumulative return in cash records $154,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,026/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 2011
9,583 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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