8006 Kerr PlAmarilloTX79121
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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 8006 Kerr Pl, Amarillo, TX, 79121 priced at $234,900 converts $3,154/mo rent into $1,483/mo cash flow after a $1,150/mo obligation. Total monthly income equals $3,154/mo, and annual cash flow totals $17,800/yr on $77,869 invested. Return on cash invested prints 42.77% in year one, and rental yield reads 16.11% against a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,899 by year five. Five-year ROI reaches 226.67% and total cumulative return in cash sums $176,505. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,154/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79121, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 2,095 (66.8%) |
| Renter Occupied HU | 793 (25.3%) |
| Vacant Housing Units | 249 ( 7.9%) |
| Median Home Value | $290,357 |
| Average Home Value | $361,521 |
Housing Distribution
Address Breakdown
Residential
2,841
Single Family
2,381
Multi-Family
460
Businesses
218
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Listed by: Laura Riggin • Century 21 Key Realty
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-7001
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.