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B+
NoAgentList RatingHow are grades calculated? Info

$176,000

5800 W Mccormick Rd, Amarillo, TX, 79118

$201,536 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,404 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$121.08 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesRange, Dishwasher, Electric Water Heater

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run
Lot Size2.57 acres

Building Information

Year Built2003
Stories1
Roof Type105

Land Information

APNR-086-3440-0570
Lot Number8
SubdivisionWestern Estates # 1
Land UseResidential
Legal DescriptionWESTERN ESTATES # 1, LOT 008, BLK 0003, 2.5700 ACRES MANUFACTURER: 2003 FREEDOM SERIAL NUMBER: CSS005124TXA SERIAL NUMBER: HW
Census Tract021705
Assessed Land Value$23,500
Assessed Improvement Value$111,376
Assessment Year2025

About this property

Affordable horse property alert with no deed restrictions in CISD! This 3 bedroom, 2 bathroom home with central heat and air is situated on 2.57 acres with 20x20 horse stalls! Back portion of the acreage is fully fenced for animals with a 20 foot gate. Per seller well was replaced in 2018, siding and skirting was replaced 3 years ago. Inside you'll find a fantastic layout with a semi open concept kitchen and living room with a wood burning fireplace. All bedrooms are good size, owners suite is isolated, large walk in closet, with a separate walk in shower and soaking tub. Home is on permanent foundation and ready for it's new owners. Located in Canyon ISD and feeding to West Plains.

Investor Tools

Property Icon
$176,000
Estimated Property Value
$173,794Estimated Mortgage Balance
$0Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$201,535
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,056 /month
Positive
Cash Flow Estimate:
$352 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$128/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$661
$134,876
2025
$23,500
$111,376
$134,876
No

Tax History

Year
Tax Paid
Assessed Value
2024
$661
$134,876

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dept Of Housing & Cmnty Affairs
2nd Mortgage Made To Cover Down Payment
$6,952
No
First
Feb 23, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,963
N/A
0%
102%
$1,084/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,084/mo
+$456/mo
10.5%

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.

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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5800 W Mccormick Rd | Property Details | No Agent List