Joanna Plan, The MeadowsAmarilloTX79118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Joanna Plan, The Meadows, Amarillo, TX, 79118 offers $4,369/mo rent that, after a $1,439/mo payment, leaves $2,278/mo cash flow. Total monthly income is $4,369/mo, and annual cash flow is $27,341/yr on $97,444 cash. Return on cash invested measures 47.97% in year one, and rental yield stands at 17.84% at a $293,950 entry. Equity gained on principal adds $1,897/yr while 5% annual appreciation compounds into $81,213 by year five. Five-year ROI records 254.54% and total cumulative return in cash reaches $248,036. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,369/mo property income versus a $1,439/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices