4304 Ridgecrest CirAmarilloTX79109
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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 4304 Ridgecrest Cir, Amarillo, TX, 79109 uses $81,545 cash to close to unlock $3,343/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $2,075/mo, and a $1,204/mo payment keeps the spread at $279/mo. Purchase price stands at $245,987, and rental yield measures 10.12% with $2,075/mo rent. Return on cash invested shows 24.01% in year one, and 5% annual appreciation builds toward $67,962 over five years. Five-year ROI reaches 126.32% and total cumulative return in cash records $103,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,075/mo property income covering a $1,204/mo payment rather than investor’s personal income.
Apartment
Built in 1973
10,454 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
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