$224,000
1315 La Paloma St, Amarillo, TX, 79106
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesRange, Dishwasher
Exterior
Lot Size7,405 sqft
Building Information
Year Built1976
Stories1
Roof Type105
Garage Spaces2
Land Information
APNR-065-3100-0410
Lot Number16
SubdivisionRigdon Sub # 1
Land UseResidential
Legal DescriptionRIGDON SUB # 1, LOT 016, BLK 0004
Census Tract011800
Assessed Land Value$9,000
Assessed Improvement Value$182,924
Assessment Year2025
About this property
Welcome home to this updated and spacious 3 bedroom, 2 bath property offering comfort, functionality, and plenty of storage throughout. Great layout provides generous living spaces, while the updated bathrooms add a fresh, modern touch. You'll appreciate the abundant storage! NEW HVAC (2025)! The seller is offering $2,500 to the buyer to use however they choose--toward closing costs, updates, rate buy-downs, or other expenses. Don't miss this opportunity to make this move-in-ready home your own!
Investor Tools
$102,223Estimated Mortgage Balance
$95,777Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$372/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,478
$191,924
2025
$9,000
$182,924
$191,924
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,478
$191,924
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$112,800
No
First
Jul 7, 2021
Aug 2036
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$102,223
$95,777
48%
52%
$677/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,322/mo
$677/mo
+$645/mo
8.0%
