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$830,000

4420 Canyon Dr, Amarillo, TX, 79109

On MarketInfo
Beds— Beds
Baths— Bath
Baths2,176 Sq Ft
price_per_sqft$381.43 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Heating Forced Air UnitHeating Forced Air Unit
FlooringCarpet, Tile

Exterior

Lot Size41,382 sqft

Building Information

Year Built1951
Stories1

Land Information

APNR-044-9200-0660
SubdivisionMays Ranches
Land UseCommercial
Legal DescriptionMAYS RANCHES, TR BEG AT NE COR OF TR 15, 0.9500 ACRES
Census Tract021101
Assessed Land Value$124,146
Assessed Improvement Value$110,857
Assessment Year2025

About this property

Excellent investment opportunity! This centrally located 24-door motel offers strong income-producing potential with convenient access to major highways, shopping, restaurants, and local attractions. Designed to attract both short-term and extended-stay guests, this well-positioned property provides an excellent opportunity for investors looking to expand their hospitality portfolio or owner-operators seeking a turnkey business. High visibility, ample parking, and a prime location make this a standout commercial investment. Don't miss your chance to own an established income-producing property with significant upside potential.

Investor Tools

$230,438Estimated Mortgage Balance
$6,706Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,980 /month
Positive
Cash Flow Estimate:
$1,660 /month

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Our Texas Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$440/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,106
$235,003
2025
$124,146
$110,857
$235,003
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,106
$235,003

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dip Raman
Seller Carryback / Seller Financing / Seller Take-Back
$250,000
No
First
Mar 3, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,438
$4,565
1%
98%
$1,499/mo

City: Amarillo