7311 Providence DrAmarilloTX79118
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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 7311 Providence Dr, Amarillo, TX, 79118 uses $97,428 cash to close to unlock $6,990/yr annual cash flow and $583/mo monthly cash flow. Total monthly income runs $2,672/mo, and a $1,438/mo payment keeps the spread at $583/mo. Purchase price stands at $293,900, and rental yield measures 10.91% with $2,672/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $81,199 over five years. Five-year ROI reaches 142.53% and total cumulative return in cash records $138,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,672/mo property income covering a $1,438/mo payment rather than investor’s personal income.
Single Family
Built in N/A
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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