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$296,000

NAL Estimated Property Value

7007 Covenant Ln, Amarillo, TX, 79109

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,869 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.1 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Microwave, Range

Exterior

Lot Size6,098 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-026-0100-1960
Lot Number7
SubdivisionGlen Arden # 11
Land UseResidential
Legal DescriptionGLEN ARDEN # 11, LOT 007, BLK 0012
Census Tract021606
Assessed Land Value$18,477
Assessed Improvement Value$244,441
Assessment Year2025

About this property

For Rent in SW Amarillo! This spacious 4-bedroom, 2-bathroom, 2-car garage home offers comfort and functionality. The fenced backyard provides space for play, or weekend BBQs during these summer months, while the wood burning fireplace provides cozy winter nights. Plus, easy living with tile and wood flooring throughout—no carpet here! Located in a desirable Southwest Amarillo neighborhood, this home is ready for move-in and waiting for you to make it yours! Don't miss this one—schedule your showing today!

Investor Tools

Property Icon
$296,000
Estimated Property Value
$121,904Estimated Mortgage Balance
$174,096Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,776 /month
Positive
Cash Flow Estimate:
$592 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$449/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,913
$262,918
2025
$18,477
$244,441
$262,918
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,913
$262,918

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Credit Line (Revolving) / Heloc
$129,000
No
First
May 1, 2023
May 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$121,904
$174,096
58%
41%
$774/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$774/mo
+$896/mo
6.8%

City: Amarillo

7007 Covenant Ln | Property Details | No Agent List