601 S Lantana RdAmarilloTX79124
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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 601 S Lantana Rd, Amarillo, TX, 79124 offers $2,620/mo rent that, after a $1,772/mo payment, leaves $46/mo cash flow. Total monthly income is $2,620/mo, and annual cash flow is $547/yr on $120,003 cash. Return on cash invested measures 20.36% in year one, and rental yield stands at 8.69% at a $362,000 entry. Equity gained on principal adds $2,336/yr while 5% annual appreciation compounds into $100,014 by year five. Five-year ROI records 106.52% and total cumulative return in cash reaches $127,825. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,620/mo property income versus a $1,772/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79124, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,258 (100%) |
| Owner Occupied HU | 3,895 (74.1%) |
| Renter Occupied HU | 952 (18.1%) |
| Vacant Housing Units | 411 ( 7.8%) |
| Median Home Value | $362,263 |
| Average Home Value | $400,636 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,315
Multi-Family
647
Businesses
313
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