6402 Parkwood PlAmarilloTX79119
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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 6402 Parkwood Pl, Amarillo, TX, 79119 generates $5,488/mo in rent and, after a $3,519/mo payment, leaves $375/mo in cash flow. Total monthly income is $5,488/mo, and annual cash flow is $4,505/yr on $236,518 invested. Return on cash invested sits at 21.97% in year one, and rental yield is 9.16% on a $718,900 entry. Equity gained on principal adds $4,639/yr, while 5% annual appreciation builds toward $198,619 over five years. Five-year ROI reaches 115.06% and total cumulative return in cash sums $272,145. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,488/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79119, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,914 (100%) |
| Owner Occupied HU | 7,282 (66.7%) |
| Renter Occupied HU | 2,782 (25.5%) |
| Vacant Housing Units | 850 ( 7.8%) |
| Median Home Value | $351,068 |
| Average Home Value | $398,649 |
Housing Distribution
Address Breakdown
Residential
10,504
Single Family
8,584
Multi-Family
1,920
Businesses
596
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