62 Hornady StAmarilloTX79118
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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 62 Hornady St, Amarillo, TX, 79118 with 5% annual appreciation on a $241,230 basis while $3,269/mo rent supports operations. Total monthly income totals $3,269/mo and a $1,181/mo payment preserves $1,553/mo for cash returns. Annual cash flow comes to $18,639/yr on $79,968 deployed, and return on cash invested reaches 43.22% in year one. Equity gained on principal adds $1,557/yr, and five-year appreciation sums $66,647 alongside rental yield of 16.26%. Five-year ROI measures 229.07% and total cumulative return in cash totals $183,184.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,269/mo property income versus a $1,181/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No 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: Shane Hanes • Realty ONE Group Oculus
Mls Name: AMMLS
Mls Provider:
Mls ID: #23-8641
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.