7308 Andover DrAmarilloTX79119
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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 7308 Andover Dr, Amarillo, TX, 79119 offers a 9.8% rental yield on a $449,900 purchase with $3,674/mo rent. Total monthly income registers $3,674/mo, and a $2,202/mo payment leaves $264/mo available for distribution. Annual cash flow reaches $3,174/yr on $149,142 to close, and return on cash invested stands at 22.04% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 116.09% and total cumulative return in cash at $173,134. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,674/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
N/A lot
$N/A/sqft
$166 monthly 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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Listed by: Andrew Glenn • Coldwell Banker First Equity
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-1497
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.