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$170,000

3500 Linda Dr, Amarillo, TX, 79109

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,187 Sq Ft
price_per_sqft$143.22 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator, Oven, Cooktop

Exterior

Exterior FeaturesBrick
Lot Size7,405 sqft

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-061-5300-0020
Lot Number1
SubdivisionParamount Terrace # 6
Land UseResidential
Legal DescriptionPARAMOUNT TERRACE # 6, LOT 001, BLK 0037
Census Tract021101
Assessed Land Value$10,000
Assessed Improvement Value$138,708
Assessment Year2025

About this property

Welcome home to this well-maintained property situated on a spacious corner lot with mature trees and inviting outdoor space. Inside, you'll find a comfortable, functional layout with great natural light and updated flooring throughout much of the home. The kitchen offers ample cabinet storage, a wraparound breakfast bar with plenty of seating, and an adjoining breakfast area that could easily serve as a dining space, home office, or flex area. A large picture window fills the living room with light and provides a great view of the backyard. Several important improvements have already been made, including a newer roof, water line from house to alley, HVAC system, and water heater, offering added peace of mind for the next owner.

Investor Tools

$60,180Estimated Mortgage Balance
$113,820Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,044 /month
Positive
Cash Flow Estimate:
$348 /month

Interested in this property?

Shae Griminger

RockOne Realty, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$237/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,974
$148,708
2025
$10,000
$138,708
$148,708
No

Tax History

Year
Tax Paid
Assessed Value
2018
$1,974
$148,708

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Fha
$97,206
Yes
First
Oct 30, 2009
Nov 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$60,180
$113,820
65%
35%
$605/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$605/mo
+$825/mo
9.9%

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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3500 Linda Dr | Property Details | No Agent List