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$208,000

3406 Patterson Dr, Amarillo, TX, 79109

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,645 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.72 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 26Bathrooms Half 26
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRange

Exterior

Lot Size10,019 sqft

Building Information

Year Built1958
Stories1
Roof Type127
Garage Spaces2

Land Information

APNR-073-0400-4240
Lot Number4
SubdivisionShelton Sub
Land UseResidential
Legal DescriptionSHELTON SUB, LOT 004, BLK 0008
Census Tract021101
Assessed Land Value$13,370
Assessed Improvement Value$193,510
Assessment Year2025

About this property

CAN BE PURCHASED ALONE OR WITH OTHERS JUST ASK ME. Closing Cost Help with acceptable offer. Gorgeous, centrally located, beautifully remodeled within the last 3-5 years. Seller offering closing cost and other incentives to get this sold! Part of a multiple package rental portfolio now being sold separately. see mls #24-9343 for package addresses. You can purchase one or all! HABLO ESPABOL

Investor Tools

Property Icon
$208,000
Estimated Property Value
$600,000Estimated Mortgage Balance
$0Estimated Equity
-188% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,469 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$421/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,009
$206,880
2025
$13,370
$193,510
$206,880
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,009
$206,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Happy State Bank
Credit Line (Revolving) / Heloc
$600,000
No
First
Feb 17, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$549,502
N/A
0%
264%
$4,193/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$4,193/mo
$-2,763/mo
8.3%

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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3406 Patterson Dr | Property Details | No Agent List