6011 Palmetto TrlAmarilloTX79106
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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 6011 Palmetto Trl, Amarillo, TX, 79106 uses $107,406 cash to close to unlock $2,086/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $1,586/mo payment keeps the spread at $174/mo. Purchase price stands at $324,000, and rental yield measures 9.18% with $2,478/mo rent. Return on cash invested shows 21.85% in year one, and 5% annual appreciation builds toward $89,515 over five years. Five-year ROI reaches 114.46% and total cumulative return in cash records $122,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $1,586/mo payment rather than investor’s personal income.
Single Family
Built in 1964
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: Tim Soto • Keller Williams Realty Amarillo
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-4683
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.