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B+
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Days34Days on Market
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$299,900

7211 Gainsborough Rd, Amarillo, TX, 79106

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,235 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$134.18 / sqft
Year BuiltBuilt in 1973

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

Private PoolPrivate Pool
Lot Size9,148 sqft

Building Information

Year Built1973
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-001-1800-6725
SubdivisionBelmar # 13
Land UseResidential
Legal DescriptionBELMAR # 13, BLK 0071, W 22.52FT OF 12 & 11 EXC W 14.36FT
Census Tract010100
Assessed Land Value$27,443
Assessed Improvement Value$241,981
Assessment Year2025

About this property

WELCOME to this uniquely styled home in the highly sought-after Belmar neighborhood on Candy Cane Lane, known for its holiday spirit and established charm! This 3-bedroom, 2-bath home with rear-entry garage offers character, comfort, and peace of mind with a NEW roof prior to closing. The oversized living area features a cozy wood-burning fireplace, while beautiful wood-look flooring adds timeless style throughout. The isolated primary suite includes an updated bath and spacious dressing room. Imagine enjoying your morning coffee in the bright front sunroom or the enclosed back porch. Mature landscaping, storage shed, convenient access to I-40, and close proximity to medical services make this home a must-see! Schedule your showing TODAY!!

Investor Tools

Property Icon
$273,000
Estimated Property Value
$173,600Estimated Mortgage Balance
$115,072Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Frances Frost

Keller Williams Realty Amarillo

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$390/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,316
$269,424
2025
$27,443
$241,981
$269,424
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,316
$269,424

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerihome Mortgage Company Llc
Conventional
$173,600
No
First
Aug 6, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,928
$115,072
42%
58%
$1,041/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,322/mo
$1,041/mo
+$281/mo
5.8%

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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