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B+
NoAgentList RatingHow are grades calculated? Info
Days33Days on Market
Views1view
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$189,900

3608 Lynette Dr, Amarillo, TX, 79109

$192,590 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,380 Sq Ft
price_per_sqft$137.61 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesDisposal, Range, Dishwasher

Exterior

Exterior FeaturesBrick
Lot Size7,405 sqft

Building Information

Year Built1956
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-061-5300-0500
Lot Number5
SubdivisionParamount Terrace # 7
Land UseResidential
Legal DescriptionPARAMOUNT TERRACE # 7, LOT 005, BLK 0038
Census Tract021101
Assessed Land Value$9,600
Assessed Improvement Value$159,210
Assessment Year2025

About this property

Been looking for a move-in ready home in Paramount? This 3 bedroom, 2 bath home is anchored by hardwood floors running through the main living spaces, giving every room a warm, lived-in feel from the moment you walk in. When the weather turns nice, the large backyard is where it all moves outside: kids running, grills going, chill evenings. Paramount is one of those Amarillo neighborhoods people don't leave once they land, close enough to everything you need but quiet enough to feel like home. Schedule your showing today!!

Investor Tools

Property Icon
$193,000
Estimated Property Value
$98,800Estimated Mortgage Balance
$114,739Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$192,589
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,158 /month
Positive
Cash Flow Estimate:
$386 /month

Interested in this property?

Natalia Molina

Moreland Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$355/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,289
$168,810
2025
$9,600
$159,210
$168,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,289
$168,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Happy State Bank
Conventional
$98,800
No
First
Sep 28, 2016
Oct 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$78,472
$114,528
59%
41%
$593/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$593/mo
+$837/mo
8.9%

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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3608 Lynette Dr | Property Details | No Agent List