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$295,000

5017 ERIK Avenue, Amarillo, TX, 79106

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,976 Sq Ft
Year BuiltBuilt in 1966

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesBrick
Lot Size11,543 sqft

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-061-0600-0210
SubdivisionOlsen Park Addn # 6
Land UseResidential
Legal DescriptionOLSEN PARK ADDN # 6, BLK 0014, E 5FT OF 1 & W 77.5FT OF 2, 0.2650 ACRES
Census Tract010200
Assessed Land Value$20,625
Assessed Improvement Value$243,371
Assessment Year2025

About this property

Explore the character and charm of this Olsen home located at 5017 Erik Ave, Amarillo, TX 79106. With a traditional architectural style, the house presents an appealing façade that welcomes you into a well-planned interior layout. The property stands as a testament to classic house design, featuring elements that provide comfort and charm. Don't miss the chance to explore this property further and envision the possibilities.

Investor Tools

Property Icon
$293,000
Estimated Property Value
$0Estimated Mortgage Balance
$271,416Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Steven Koleno

Beycome Brokerage Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$258/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,634
$263,996
2025
$20,625
$243,371
$263,996
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,634
$263,996

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$96,200
No
First
Nov 23, 2013
Dec 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$21,584
$271,416
92%
7%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,322/mo
N/A
+$1,322/mo
5.4%

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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5017 ERIK Avenue, Amarillo, TX 79106 | Property Details | No Agent List