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B+
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$275,000

4600 Sw 38th Ave, Amarillo, TX, 79109

$301,472 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,692 Sq Ft
price_per_sqft$102.15 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRange, Dishwasher

Exterior

Exterior FeaturesBrick
Lot Size9,583 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-065-2200-8897
Lot Number11B
SubdivisionRidgecrest Addn # 1 Amd
Land UseResidential
Legal DescriptionRIDGECREST ADDN # 1 AMD, LOT 11B, BLK 0038
Census Tract021200
Assessed Land Value$18,431
Assessed Improvement Value$247,925
Assessment Year2025

About this property

Updated 2-story home on a corner lot featuring 4 bedrooms, 2 baths, and multiple living areas. Isolated downstairs primary suite, formal dining, breakfast nook, den with fireplace, sunroom, and spacious utility room with freezer space. 2-car attached garage plus storage room. Conveniently located near schools, shopping, and dining. Sold as-is.

Investor Tools

Property Icon
$266,356
Estimated Property Value
$36,000Estimated Mortgage Balance
$251,637Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$301,472
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

Interested in this property?

Jason Riede

Century 21 Boston Company

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$569/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,495
$266,356
2025
$18,431
$247,925
$266,356
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,495
$266,356

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Outpost Ranches Ltd
Seller Carryback / Seller Financing / Seller Take-Back
$36,000
No
First
Jan 5, 2005
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$14,719
$251,637
94%
6%
$216/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$216/mo
+$1,214/mo
6.4%

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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4600 Sw 38th Ave | Property Details | No Agent List