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$269,900

3407 Lewis Ln, Amarillo, TX, 79109

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,222 Sq Ft
price_per_sqft$121.47 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Range, Microwave, Dishwasher

Exterior

Exterior FeaturesBrick
Lot Size10,454 sqft

Building Information

Year Built1976
Roof Type105
Garage Spaces2

Land Information

APNR-073-0400-4420
Lot Number13
SubdivisionShelton Sub
Land UseResidential
Legal DescriptionSHELTON SUB, LOT 013, BLK 0008
Census Tract021101
Assessed Land Value$12,485
Assessed Improvement Value$239,996
Assessment Year2025

About this property

Great 3 bedroom 2 bath Home in Paramount Terrace. Finished Basement, gas fireplace with logs in Living Area. Sun-room is used for 2nd Living Area. Formal Dining could be 4th bedroom or Office. Pella windows through-out the home. Storage building and covered patio in the backyard. Sprinkler system in the front yard. Lots of extra parking in front.

Investor Tools

$110,052Estimated Mortgage Balance
$142,429Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,619 /month
Positive
Cash Flow Estimate:
$540 /month

Interested in this property?

Traci Epps

Coldwell Banker First Equity

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$392/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,438
$252,481
2025
$12,485
$239,996
$252,481
No

Tax History

Year
Tax Paid
Assessed Value
2018
$3,438
$252,481

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$124,380
No
First
Sep 8, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$110,052
$142,429
56%
44%
$746/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$746/mo
+$684/mo
6.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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