3802 Parker StAmarilloTX79110
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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
Rental property for sale in Amarillo at 3802 Parker St, Amarillo, TX, 79110 offers $1,967/mo rent that, after a $710/mo payment, leaves $936/mo cash flow. Total monthly income is $1,967/mo, and annual cash flow is $11,227/yr on $48,068 cash. Return on cash invested measures 43.27% in year one, and rental yield stands at 16.28% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 229.34% and total cumulative return in cash reaches $110,240. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,967/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79110, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,865 (100%) |
| Owner Occupied HU | 5,078 (64.6%) |
| Renter Occupied HU | 2,356 (30.0%) |
| Vacant Housing Units | 431 ( 5.5%) |
| Median Home Value | $162,500 |
| Average Home Value | $237,216 |
Housing Distribution
Address Breakdown
Residential
7,436
Single Family
7,234
Multi-Family
202
Businesses
556
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Listed by: Dana Neeley • French and Co., REALTORS
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-7239
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.