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$105,000

2215 Locust St, Amarillo, TX, 79109

$136,500 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths1,304 Sq Ft
price_per_sqft$80.52 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOther

Exterior

Lot Size7,841 sqft

Building Information

Year Built1951
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-090-0700-2745
Lot Number20
SubdivisionWolflin Park # 5
Land UseResidential
Legal DescriptionWOLFLIN PARK # 5, LOT 020, BLK 0075
Census Tract010400
Assessed Land Value$8,580
Assessed Improvement Value$165,530
Assessment Year2025

About this property

*BANK APPROVED PRICE* Nestled in a charming neighborhood, this property is a beautifully maintained mid-century ranch-style home that blends classic appeal with modern comfort. Built in 1951, this single-story residence offers 3 spacious bedrooms and 2 full bathrooms, providing ample space for family living, guests, or a home office. Step inside to discover 1,304 square feet of thoughtfully designed living space filled with natural light. The welcoming living room serves as the heart of the home, offering a setting for gatherings or quiet evenings. The adjacent kitchen combines style and functionality, with a layout designed for both daily living and entertaining. Each bedroom is generously sized, with large windows that frame the surrounding neighborhood and invite the warmth of natural light. The master suite provides a private retreat with a well-appointed bathroom, while the additional bedrooms are flexible, easily adapting to your lifestyle needs. Outside, the 7,840-square-foot lot offers a spacious, yard for outdoor activities, gardening, or relaxation under the wide Texas sky. Mature trees and thoughtful landscaping create a sense of privacy and serenity, while the home’s masonry construction and durable composition roof ensure lasting quality and low maintenance. The property’s mid-century ranch-style architecture, functional layout, and prime location make it an exceptional opportunity for homeowners seeking both charm and convenience.

Investor Tools

$121,342Estimated Mortgage Balance
$53,977Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$136,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,045 /month
Positive
Cash Flow Estimate:
$348 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$383/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,721
$174,110
2025
$8,580
$165,530
$174,110
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,721
$174,110

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Fha
$127,546
Yes
First
Sep 6, 2016
Oct 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$121,342
$52,768
30%
70%
$886/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$886/mo
+$544/mo
9.9%

City: Amarillo