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$165,000

1908 S Madison St, Amarillo, TX, 79109

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,380 Sq Ft
price_per_sqft$119.57 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size6,098 sqft

Building Information

Year Built1940
Stories1
Garage Spaces1

Land Information

APNR-086-1100-1080
SubdivisionWashington Center Addn
Land UseResidential
Legal DescriptionWASHINGTON CENTER ADDN, BLK 0004, 5 LESS E WAY
Census Tract014702
Assessed Land Value$6,375
Assessed Improvement Value$152,015
Assessment Year2025

About this property

Welcome to this charming 3-bedroom, 1-bath home, ideally located in the Oliver Eakle neighborhood, just minutes from Amarillo College. Blending character and functionality, this home offers comfortable living spaces and a great layout! The large backyard is also great for entertaining. Schedule your showing today

Investor Tools

$107,597Estimated Mortgage Balance
$55,403Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$990 /month
Positive
Cash Flow Estimate:
$330 /month

Interested in this property?

Breanna Davis

Copper Plains Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$368/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,599
$158,390
2025
$6,375
$152,015
$158,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,599
$158,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Fha
$117,826
Yes
First
Dec 22, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$107,597
$55,403
33%
66%
$707/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$707/mo
+$723/mo
10.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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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1908 S Madison St | Property Details | No Agent List