Dorris Plan, HomesteadAmarilloTX79124
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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 Dorris Plan, Homestead, Amarillo, TX, 79124 with 5% annual appreciation on a $257,950 basis while $3,595/mo rent supports operations. Total monthly income totals $3,595/mo and a $1,263/mo payment preserves $1,760/mo for cash returns. Annual cash flow comes to $21,123/yr on $85,510 deployed, and return on cash invested reaches 44.61% in year one. Equity gained on principal adds $1,665/yr, and five-year appreciation sums $71,267 alongside rental yield of 16.72%. Five-year ROI measures 236.56% and total cumulative return in cash totals $202,282.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,595/mo property income versus a $1,263/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79124, Amarillo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,258 (100%) |
| Owner Occupied HU | 3,895 (74.1%) |
| Renter Occupied HU | 952 (18.1%) |
| Vacant Housing Units | 411 ( 7.8%) |
| Median Home Value | $362,263 |
| Average Home Value | $400,636 |
Housing Distribution
Address Breakdown
Residential
4,962
Single Family
4,315
Multi-Family
647
Businesses
313
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