906 S Milam StAmarilloTX79102
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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 906 S Milam St, Amarillo, TX, 79102 uses $41,438 cash to close to unlock $9,995/yr annual cash flow and $833/mo monthly cash flow. Total monthly income runs $1,722/mo, and a $612/mo payment keeps the spread at $833/mo. Purchase price stands at $125,000, and rental yield measures 16.53% with $1,722/mo rent. Return on cash invested shows 44.03% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 233.39% and total cumulative return in cash records $96,713. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,722/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1942
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79102, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,579 (100%) |
| Owner Occupied HU | 1,995 (43.6%) |
| Renter Occupied HU | 1,954 (42.7%) |
| Vacant Housing Units | 630 (13.8%) |
| Median Home Value | $161,478 |
| Average Home Value | $180,330 |
Housing Distribution
Address Breakdown
Residential
4,111
Single Family
3,611
Multi-Family
500
Businesses
470
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Listed by: Tiffaney Belflower • Belflower Realty Group, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-6287
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.