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$264,900

2713 JAMES LOUIS Drive, Amarillo, TX 79110-2303

$281,870 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,413 Sq Ft
price_per_sqft$109.78 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

High Equity

Highlights

Interior

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

Exterior

Exterior FeaturesBrick
Lot Size14,810 sqft

Building Information

Year Built1975
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-052-3150-3120
Lot Number7
SubdivisionMc Carty Addn # 2
Land UseResidential
Legal DescriptionMC CARTY ADDN # 2, LOT 007, BLK 0011
Census Tract021000
Assessed Land Value$15,667
Assessed Improvement Value$260,884
Assessment Year2025

About this property

Nice 3 bedroom 2 bath home in South Georgia. This home has a 11.6 x 17.6 basement, 10 x 20 shop with electric, an additional storage building, maintenance free siding, sprinkler system, and a lovely addition of a den. Priced below appraisal district value!

Investor Tools

$174,059Estimated Mortgage Balance
$102,492Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$281,869
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,659 /month
Positive
Cash Flow Estimate:
$553 /month

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Larry Brown, REALTORS®

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$207/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,106
$276,551
2025
$15,667
$260,884
$276,551
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,106
$276,551

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Open Mortgage Llc
Reverse Mortgage / Hecm
$241,500
No
First
Mar 26, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$174,059
$102,492
37%
63%
$992/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,610/mo
$992/mo
+$618/mo
7.0%

Learn About the Market: Opportunity in Texas

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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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2713 JAMES LOUIS Drive, Amarillo, TX 79110-2303 | Property Details | No Agent List