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$220,000

5408 George Terrace, Amarillo, TX, 79106

SoldInfo
6/04/26
Beds4 Beds
Baths2 Bath
Baths1,860 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$118.28 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator, Range, Dishwasher

Exterior

Private PoolPrivate Pool
Exterior FeaturesBrick
Lot Size10,454 sqft

Building Information

Year Built1962
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-086-1550-0360
Lot Number14
SubdivisionWestgate # 2
Land UseResidential
Legal DescriptionWESTGATE # 2, LOT 014, BLK 0012
Census Tract011800
Assessed Land Value$11,550
Assessed Improvement Value$207,800
Assessment Year2025

About this property

4 bedroom, 2 bathroom, home for sale in Amarillo Texas, sitting on a huge lot giving plenty of room both inside and out! Large oversized 2 car garage, central heat and air, and 2 living areas including one with a fireplace. Open concept kitchen with dining room and pantry. Owners suite is isolated with a large walk in closet/storage area that could also be used as an office. Tons of built ins and storage through out the home. Utility room is large and has an additional closet. Per seller: Sewer line from owners suite to alley is PVC and incoming electrical line was recently replaced. Other updates including fixtures, paint, and newer carpet.

Investor Tools

Property Icon
$220,000
Estimated Property Value
$0Estimated Mortgage Balance
$50,515Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$507/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,980
$219,350
2025
$11,550
$207,800
$219,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,980
$219,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$172,000
No
First
Jul 3, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,485
$50,515
22%
77%
$1,032/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,542/mo
$1,032/mo
+$510/mo
8.4%

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.

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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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5408 George Terrace, Amarillo, TX 79106 | Property Details | No Agent List