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$240,804

NAL Estimated Property Value

5605 Sw 40th Ave, Amarillo, TX, 79109

$268,357 ARVInfo
Recently SoldInfo
8/13/26
Beds3 Beds
Baths2 Bath
Baths2,094 Sq Ft
price_per_sqft$112.23 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesBrick
Lot Size8,712 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-065-2300-2910
Lot Number3
SubdivisionRidgecrest Addn # 28 Amd
Land UseResidential
Legal DescriptionRIDGECREST ADDN # 28 AMD, LOT 003, BLK 0052
Census Tract021200
Assessed Land Value$14,942
Assessed Improvement Value$225,862
Assessment Year2025

About this property

Welcome to this well-maintained 3-bedroom, 2-bath home offering a spacious and functional layout with two separate living areas, perfect for relaxing or entertaining. Enjoy the warmth of the cozy wood-burning fireplace and the privacy of a quiet cul-de-sac location surrounded by mature landscaping. Additional features include a 2-car garage, a generously sized utility room, abundant storage throughout, and a comfortable floor plan designed for everyday living. $7500 allowance for concessions.

Investor Tools

Property Icon
$240,804
Estimated Property Value
$33,514Estimated Mortgage Balance
$207,290Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$268,357
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,445 /month
Positive
Cash Flow Estimate:
$482 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$292/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,302
$240,804
2025
$14,942
$225,862
$240,804
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,302
$240,804

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Conventional
$97,000
No
First
Jun 24, 2015
Jul 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$33,514
$207,290
86%
14%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
N/A
+$1,430/mo
7.1%

City: Amarillo

5605 Sw 40th Ave | Property Details | No Agent List