Marie 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 Marie Plan, Homestead, Amarillo, TX, 79124 uses $99,102 cash to close to unlock $8,980/yr annual cash flow and $748/mo monthly cash flow. Total monthly income runs $2,874/mo, and a $1,463/mo payment keeps the spread at $748/mo. Purchase price stands at $298,950, and rental yield measures 11.54% with $2,874/mo rent. Return on cash invested shows 28.97% in year one, and 5% annual appreciation builds toward $82,594 over five years. Five-year ROI reaches 152.67% and total cumulative return in cash records $151,302. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,874/mo property income covering a $1,463/mo payment rather than investor’s personal income.
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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