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$260,000

2108 SE 40TH Avenue, Amarillo, TX 79118-7752

$263,532 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,772 Sq Ft
price_per_sqft$146.73 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesMicrowave, Dishwasher

Exterior

Private PoolPrivate Pool
Exterior FeaturesBrick
Lot Size5,227 sqft

Building Information

Year Built2005
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-078-2014-5440
Lot Number5A
SubdivisionTradewind Air Park # 7 Amd
Land UseResidential
Legal DescriptionTRADEWIND AIR PARK # 7 AMD, LOT 05A, BLK 0025
Census Tract022002
Assessed Land Value$17,500
Assessed Improvement Value$250,859
Assessment Year2025

About this property

Welcome to this warm and inviting brick home located within Amarillo city limits, offering comfort, character, and a layout designed for easy living. The open-concept floor plan features vaulted ceilings, rich brick flooring, and a beautiful fireplace that anchors the spacious living area. Natural light and thoughtful design create a welcoming atmosphere from the moment you step inside. The kitchen provides generous cabinet space, ample countertops, and a breakfast bar that opens seamlessly to the living and dining areas--perfect for everyday living and gathering with family or friends. The isolated primary suite offers a peaceful retreat with direct access to a covered patio featuring an outdoor fireplace, ideal for quiet mornings or relaxing evenings. Two additional bedrooms pro flexible space for guests, family, or a home office. Additional highlights include a utility room, attached 2-car garage, covered patio off the kitchen, fenced backyard, and mature shade trees that enhance the home's charm and curb appeal. Comfortable, inviting, and full of character--this home is ready to welcome its next owners.

Investor Tools

$89,642Estimated Mortgage Balance
$178,717Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$263,531
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,610 /month
Positive
Cash Flow Estimate:
$537 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$439/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,924
$268,359
2025
$17,500
$250,859
$268,359
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,924
$268,359

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nationstar Mortgage Llc
Conventional
$118,400
No
First
Apr 27, 2015
May 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$89,642
$178,717
66%
33%
$710/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$710/mo
+$830/mo
6.9%

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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