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$230,000

508 Mikeska St, Amarillo, TX, 79118

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,442 Sq Ft
price_per_sqft$159.5 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesBrick
Lot Size5,663 sqft

Building Information

Year Built2020
Stories1
Garage Spaces2

Land Information

APNR-078-2017-2340
Lot Number18
SubdivisionTradewind Square # 4
Land UseResidential
Legal DescriptionTRADEWIND SQUARE # 4, LOT 018, BLK 0012, 0.1300 ACRES
Census Tract022002
Assessed Land Value$20,500
Assessed Improvement Value$195,893
Assessment Year2025

About this property

This adorable home in Tradewinds is officially on the market! Conveniently located with easy access to everything you need, this home offers comfort, character, and incredible value! Whether you're buying your first home or looking to downsize, this one checks all the boxes. Move in ready on a quiet street, don't miss your chance to make it yours!

Investor Tools

Property Icon
$222,000
Estimated Property Value
$141,479Estimated Mortgage Balance
$97,596Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

Interested in this property?

Chelsea Phemister

Palo Duro Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$342/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,999
$216,393
2025
$20,500
$195,893
$216,393
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,999
$216,393

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$141,479
No
First
Jun 12, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,404
$97,596
43%
56%
$849/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$849/mo
+$691/mo
8.3%

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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508 Mikeska St | Property Details | No Agent List