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$268,359

NAL Estimated Property Value

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

$272,323 ARVInfo
Off MarketInfo
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

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

Property Icon
$268,359
Estimated Property Value
$89,642Estimated Mortgage Balance
$178,717Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$272,323
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%

City: Amarillo