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$375,000

500 S Fm 2381, Amarillo, TX, 79124

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,113 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.47 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Range, Dishwasher, Microwave

Exterior

Lot Size2 acres

Building Information

Year Built1994
Stories1
Roof Type105
Garage Spaces4

Land Information

APNR-065-1350-1300
Lot Number7
SubdivisionPrairie West Estates # 1
Land UseResidential
Legal DescriptionPRAIRIE WEST ESTATES # 1, LOT 007, BLK 0002, 2.0000 ACRES
Census Tract014300
Assessed Land Value$35,000
Assessed Improvement Value$309,799
Assessment Year2025

About this property

Impeccable home in Bushland, TX 3/2/2 sits on 2 acres. Offering tons of storage and upgrades throughout the home. Inside you'll find an Open Concept layout featuring granite countertops, upgraded appliances, & beautifully updated bathrooms. Isolated primary BR complete with an oversized master closet! Major improvements provide added value, including newer windows, Roof that is approx. 2 years old, an above-ground storm shelter, a gun safe in garage, GENERAC GENERATOR , propane tank and a covered back patio. For those who love to entertain or need extra prep space, the garage includes a canning kitchen, perfect for food storage projects, hobbies, or additional workspace. Full house water softening system & reverse osmosis drinking system located under kitchen sink.

Investor Tools

$0Estimated Mortgage Balance
$396,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,376 /month
Positive
Cash Flow Estimate:
$792 /month

Interested in this property?

Mary Watley

Lyons Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$383/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,621
$344,799
2025
$35,000
$309,799
$344,799
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,621
$344,799

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$396,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
N/A
+$1,790/mo
5.4%

City: Amarillo

500 S Fm 2381 | Property Details | No Agent List