5609 Irwin RdAmarilloTX79108
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 5609 Irwin Rd, Amarillo, TX, 79108 in Amarillo worth study. Rental yield 4.27%. The 4.27% gross yield is below cash-flow benchmarks at $225,000, but 5% annual appreciation, adding $62,163 over five years, frames this as a capital growth position. Rent of $800/mo partially offsets the $1,012/mo payment. Ziffy Mortgage finances appreciation-play properties (0.79 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $34,764.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.3% | 7.8% |
| Monthly Cash Flow | $(800) | $850 |
City averages based on Amarillo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $800 |
| Total Monthly Debt Service | $1,510 |
| DSCR Ratio | 0.53x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79108, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,331 (100%) |
| Owner Occupied HU | 3,671 (68.9%) |
| Renter Occupied HU | 1,068 (20.0%) |
| Vacant Housing Units | 592 (11.1%) |
| Median Home Value | $185,725 |
| Average Home Value | $219,712 |
Housing Distribution
Address Breakdown
Residential
5,069
Single Family
4,909
Multi-Family
160
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1961
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79108, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,331 (100%) |
| Owner Occupied HU | 3,671 (68.9%) |
| Renter Occupied HU | 1,068 (20.0%) |
| Vacant Housing Units | 592 (11.1%) |
| Median Home Value | $185,725 |
| Average Home Value | $219,712 |
Housing Distribution
Address Breakdown
Residential
5,069
Single Family
4,909
Multi-Family
160
Businesses
208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Hays • Landmark Realty Amarillo
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-6999
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.