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$524,441

NAL Estimated Property Value

505 S Shore Drive, Amarillo, TX, 79118

$601,383 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,876 Sq Ft
price_per_sqft$265.99 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDisposal, Oven, Dishwasher, Cooktop

Exterior

Exterior FeaturesStucco Synthetic, Brick
Lot Size13,068 sqft

Building Information

Year Built1982
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-044-3900-2000
Lot Number37
SubdivisionLake Tanglewood
Land UseResidential
Legal DescriptionLAKE TANGLEWOOD, LOT 037, BLK 0005, 0.3000 ACRES
Census Tract021900
Assessed Land Value$30,000
Assessed Improvement Value$494,441
Assessment Year2025

About this property

Lake Tanglewood Retreat 3 Bed, 2 bath with Sunroom, Fireplace & Boat Storage. This home is just one block from the water in the Beautiful Lake Tanglewood, this 3 bed, 2 bath home with an isolated primary suite is move -in -ready. The open living area features vaulted ceilings, warm wood accents, and a fireplace, creating a cozy gathering space. Natural light floods the home, highlighting the expansive sunroom-perfect for morning coffee, relaxing after a day on the lake, or hosting friends. The isolated primary suite offers privacy from the other bedrooms, making it ideal for you and your guests. The home includes a functional dining area and kitchen designed for everyday living and entertaining. The property offers a detached 2 car garage. Don't miss your chance to make it yours!

Investor Tools

Property Icon
$524,441
Estimated Property Value
$229,193Estimated Mortgage Balance
$295,248Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$601,383
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,147 /month
Positive
Cash Flow Estimate:
$1,049 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$657/month
$195/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,261
$524,441
2025
$30,000
$494,441
$524,441
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,261
$524,441

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$264,000
No
First
Sep 11, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,193
$295,248
56%
44%
$1,583/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,779/mo
$-239/mo
3.5%

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.

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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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505 S Shore Drive | Property Details | No Agent List