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$297,000

NAL Estimated Property Value

905 S Madison Street, Amarillo, TX, 79101

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths442 Sq Ft
price_per_sqft$2.26 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating Floor/WallHeating Floor/Wall
AppliancesRange, Refrigerator

Exterior

Lot Size8,276 sqft

Building Information

Year Built1950
Stories1
Roof Type105

Land Information

APNR-065-1000-2176
Lot Number8
SubdivisionPlemons
Land UseResidential
Legal DescriptionPLEMONS, LOT 008, BLK 0126
Census Tract015400
Assessed Land Value$8,400
Assessed Improvement Value$19,263
Assessment Year2025

About this property

FOR LEASE! 1/1 Apartment in downtown area! Cute and spacious! Fenced backyard.

Investor Tools

Property Icon
$297,000
Estimated Property Value
$0Estimated Mortgage Balance
$297,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,782 /month
Positive
Cash Flow Estimate:
$594 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$181/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$689
$27,663
2025
$8,400
$19,263
$27,663
No

Tax History

Year
Tax Paid
Assessed Value
2024
$689
$27,663

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$297,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$778/mo
N/A
+$778/mo
3.1%

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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905 S Madison Street | Property Details | No Agent List