508 S Shore DrAmarilloTX79118
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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 508 S Shore Dr, Amarillo, TX, 79118 at $459,000 posts ROI 8.77% with from $2,048/mo rent. Total monthly income equals $2,048/mo. Return on cash invested measures 8.77% and rental yield reads 5.35% at the current $459,000. Equity gained on principal adds $2,962/yr, and 5% annual appreciation supports $126,813 by year five. Five-year ROI prints 44.89% and total cumulative return in cash totals $68,303. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,048/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1977
N/A lot
$N/A/sqft
$196 monthly 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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Listed by: Andrew Glenn • Coldwell Banker First Equity
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-2471
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.