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$290,000

NAL Estimated Property Value

2904 S Monroe St, Amarillo, TX, 79109

$316,108 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,296 Sq Ft
price_per_sqft$100.17 / sqft
Year BuiltBuilt in 1944

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator, Range, Microwave

Exterior

Exterior FeaturesBrick
Lot Size7,841 sqft

Building Information

Year Built1944
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR-014-4700-8330
Lot Number8
SubdivisionMrs M D Oliver-Eakle Addn Corr
Land UseResidential
Legal DescriptionMRS M D OLIVER-EAKLE ADDN CORR, LOT 008, BLK 0140
Census Tract020500
Assessed Land Value$7,975
Assessed Improvement Value$248,968
Assessment Year2025

About this property

Charming 3-bedroom home near Amarillo College & Memorial Park! One bedroom is currently used as an office, plus a private library off the primary suite. The chef's kitchen opens to the family room with a cozy fireplace—perfect for everyday living and entertaining. Features include 2 spacious living areas (one with skylight), updated flooring (2020), Class 4 roof for durability and potential insurance savings, newer A/C, and 2 water heaters (one recently replaced). Oversized 2-car garage with workshop space. Seller willing to contribute up to $10,000 toward buyer's closing costs with acceptable offer.

Investor Tools

Property Icon
$290,000
Estimated Property Value
$108,257Estimated Mortgage Balance
$181,743Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$316,108
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,740 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$299/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,135
$256,943
2025
$7,975
$248,968
$256,943
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,135
$256,943

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financing Corp
Conventional
$119,000
No
First
Aug 11, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,257
$181,743
62%
37%
$714/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$714/mo
+$716/mo
5.9%

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.

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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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2904 S Monroe St | Property Details | No Agent List