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$135,000

13150 Wandering Road, Amarillo, TX, 79118

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size3.00 acres

Land Information

APNR-065-3280-4590
Lot Number9
SubdivisionRiver Falls # 28 Amd
Land UseResidential
Legal DescriptionRIVER FALLS # 28 AMD, LOT 009, BLK 0001, 3.0020 ACRES
Census Tract021702
Assessed Land Value$30,000
Assessment Year2025

About this property

Take advantage of this rare opportunity to own a spacious ±3-acre hangar lot on Wandering Road with direct runway access at the private River Falls Airport. Well-suited for aviation use, this property offers the space and flexibility needed to build a custom hangar/residence. This property is part of the River Falls Airport HOA, which offers access to a range of amenities and activities with over 500 acres of wildlife refuge, there are plenty of opportunities for hiking, biking, and fishing. Golfers can take advantage of the 9-hole course and driving range. Whether you're planning to build now or invest for the future, properties with this kind of runwway access and acreage are hard to find.

Investor Tools

$67,085Estimated Mortgage Balance
$38,915Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$810 /month
Positive
Cash Flow Estimate:
$270 /month

Interested in this property?

JT Haynes

Triangle Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$77/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
Firstbank Southwest
Purchase Money Mortgage
$72,250
No
First
Jul 22, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,085
$38,915
36%
63%
$434/mo

Learn About the Market: Opportunity in Texas

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Explore

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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