505 S Virginia StAmarilloTX79106
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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 505 S Virginia St, Amarillo, TX, 79106 at $155,000 posts ROI 22.91% with $128/mo cash flow from $1,231/mo rent. Total monthly income equals $1,231/mo, and annual cash flow records $1,541/yr on $51,383 to close. Return on cash invested measures 22.91% and rental yield reads 9.53% at the current $155,000. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 by year five. Five-year ROI prints 120.21% and total cumulative return in cash totals $61,768.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,231/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79106, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,546 (100%) |
| Owner Occupied HU | 6,023 (44.5%) |
| Renter Occupied HU | 5,705 (42.1%) |
| Vacant Housing Units | 1,818 (13.4%) |
| Median Home Value | $184,695 |
| Average Home Value | $226,037 |
Housing Distribution
Address Breakdown
Residential
12,719
Single Family
10,175
Multi-Family
2,544
Businesses
1,280
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Listed by: Patrick Lee • EXP Realty, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-924
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.