8108 Miami AveAmarilloTX79118
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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 8108 Miami Ave, Amarillo, TX, 79118 priced at $385,000 converts $4,573/mo rent into $1,836/mo cash flow after a $1,884/mo obligation. Total monthly income equals $4,573/mo, and annual cash flow totals $22,027/yr on $127,628 invested. Return on cash invested prints 37.17% in year one, and rental yield reads 14.25% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 196.61% and total cumulative return in cash sums $250,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,573/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 2022
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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Listed by: Morgan Moss • Berkshire Hathaway HomeServices Premier Properties
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-5372
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.