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$95,000

NAL Estimated Property Value

12481 Montana Way, Amarillo, TX, 79118

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.20 acres

Land Information

APNR-065-3280-4485
Lot Number20
SubdivisionRiver Falls # 27
Land UseResidential
Legal DescriptionRIVER FALLS # 27, LOT 020, BLK 0001, 1.2000 ACRES
Census Tract021702
Assessed Land Value$30,000
Assessment Year2025

About this property

A TREMENDOUS opportunity to own a River Falls Air Park Hangar lot! This hangar lot is approximately +/-1.2000 Acres. Located a short Trek from Amarillo, Bushland, Canyon, Claude and Palo Duro Canyon - not to mention a short drive to Buccee's! This Montana Way lot will provide ease of travel from a short taxi to the runway to wheels up in no time. Amenities included in the River Falls Airport POA are: access to a 500+ Acre wildlife refuge with fishing, hiking trails, biking, ATV Trails, equestrian center, driving range and 9 hole Golf Course. Catch trout, bass, catfish and more! Enjoy waterfalls, rock formations and wildlife around the refuge like Aoudad Sheep, Mule Deer, Whitetail, and other various birds. Exploration is encouraged and life is good in River Falls! Schedule private tour!

Investor Tools

Property Icon
$95,000
Estimated Property Value
$76,729Estimated Mortgage Balance
$18,271Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$570 /month
Positive
Cash Flow Estimate:
$190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$73/month
$1,700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$399
$30,000
2025
$30,000
N/A
$30,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$399
$30,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$76,800
No
First
Mar 12, 2026
Mar 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$76,729
$18,271
19%
81%
$660/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Amarillo

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