709 Fairlane AveAmarilloTX79108
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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 709 Fairlane Ave, Amarillo, TX, 79108 priced at $226,900 pairs $2,113/mo rent with $367/mo cash flow after a $1,111/mo payment. Total monthly income equals $2,113/mo, and annual cash flow comes to $4,400/yr on $75,217 invested. Return on cash invested is 25.76% in year one, and rental yield stands at 11.17% on a $226,900 basis. Equity gained on principal adds $1,464/yr, and 5% annual appreciation accumulates to $62,688 by year five. Five-year ROI measures 136.2% and total cumulative return in cash reaches $102,449. For financing, Ziffy Mortgage’s DSCR program evaluates $2,113/mo property income against a $1,111/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.47 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
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