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NoAgentList RatingHow are grades calculated?Info
Days32Days on Market
Views26view
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$125,000

2033 Iris St, Amarillo, TX, 79107

$157,032 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,652 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$75.67 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating Forced Air UnitHeating Forced Air Unit
AppliancesRange, Refrigerator

Exterior

Lot Size6,534 sqft

Building Information

Year Built1976
Stories1
Roof Type105

Land Information

APNR-018-0600-7605
Lot Number40
SubdivisionEastridge # 22
Land UseResidential
Legal DescriptionEASTRIDGE # 22, LOT 040, BLK 0053
Census Tract014900
Assessed Land Value$3,355
Assessed Improvement Value$137,691
Assessment Year2025

About this property

Opportunity meets affordability! Including another room with a closet. With great potential for a first-time buyer ready to make it their own or an investor looking to add to their rental portfolio. Some cosmetic updates will make it shine, while several big-ticket improvements have already been completed, including a newer roof, new drain line, water heater and windows. Enjoy a spacious yard, oversized driveway and multiple fruit trees, including an Asian pear tree. Priced with its current condition in mind, giving the next owner room to add their own touches and build value. Schedule your showing today!

Investor Tools

$81,114Estimated Mortgage Balance
$60,382Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$157,032
Rent-to-Value Ratio: 0.72%
Rent Estimate
$846 /month
Positive
Cash Flow Estimate:
$282 /month

Interested in this property?

Clementina Davis

TruStar Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$310/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,012
$141,046
2025
$3,355
$137,691
$141,046
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,012
$141,046

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Firstbank Southwest
Open End Mortgage / Open End With Future Advance Clause
$88,000
No
First
Mar 15, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$81,114
$87,886
52%
58%
$528/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,322/mo
$528/mo
+$794/mo
11.2%

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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2033 Iris St | Property Details | No Agent List