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$146,000

3505 Lometa Dr, Amarillo, TX, 79109

SoldInfo
7/27/26
Beds3 Beds
Baths1 Bath
Baths1,060 Sq Ft
price_per_sqft$1.23 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesRange

Exterior

Lot Size8,276 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-061-5200-6520
Lot Number29
SubdivisionParamount Terrace # 4
Land UseResidential
Legal DescriptionPARAMOUNT TERRACE # 4, LOT 029, BLK 0019
Census Tract021101
Assessed Land Value$8,694
Assessed Improvement Value$110,131
Assessment Year2025

About this property

Cute 3 beds, 1 bath, 1 car garage. 12 month lease agreement. Dogs under 25 pounds, $300.00 per dog-- non refundable deposit. No Cats allow! Tenant pays all bills. Gas Stove provided, tenant to provide all other appliances. Owner/Agent

Investor Tools

Property Icon
$146,000
Estimated Property Value
$66,130Estimated Mortgage Balance
$88,095Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$876 /month
Positive
Cash Flow Estimate:
$292 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$256/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,338
$118,825
2025
$8,694
$110,131
$118,825
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,338
$118,825

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Firstcapital Bank Of Texas Na
Purchase Money Mortgage
$66,130
No
First
Mar 10, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,905
$90,095
60%
40%
$397/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$397/mo
+$1,033/mo
11.8%

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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3505 Lometa Dr | Property Details | No Agent List