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$65,000

1407 N Buchanan St, Amarillo, TX, 79107

$78,467 ARVInfo
On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths750 Sq Ft
Year BuiltBuilt in 1946

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesRange

Exterior

Lot Size7,405 sqft

Building Information

Year Built1946
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-078-1600-1675
Lot Number3
SubdivisionTarter Addn
Land UseResidential
Legal DescriptionTARTER ADDN, LOT 003, BLK 0041
Census Tract012800
Assessed Land Value$6,000
Assessed Improvement Value$80,258
Assessment Year2025

About this property

This Home Offers a great opportunity for first time buyers, investors, or anyone looking for an affordable home with plenty of potential on a large, fence lot. Per Seller the home got some updates, newer windows through-out, some remodeling in the bathroom, and roof replace May 2020. Whether you're looking for a place to call home or your next investment property, this home with some TLC has endless possibilities. Home Priced to sell as-is! Seller Will Only Accept CASH OFFER..

Investor Tools

$12,294Estimated Mortgage Balance
$96,706Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$78,466
Rent-to-Value Ratio: 0.72%
Rent Estimate
$654 /month
Positive
Cash Flow Estimate:
$218 /month

Interested in this property?

Johanna Villarreal

Keller Williams Realty Amarillo

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$95/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$591
$86,258
2025
$6,000
$80,258
$86,258
No

Tax History

Year
Tax Paid
Assessed Value
2024
$591
$86,258

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Happy State Bank
Unknown
$24,000
No
First
Sep 14, 2007
Oct 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$12,294
$96,706
88%
11%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$972/mo
N/A
+$972/mo
10.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1407 N Buchanan St | Property Details | No Agent List