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$48,000

NAL Estimated Property Value

907 N Lake St, Amarillo, TX, 79107

$62,400 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,177 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$50.98 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating Floor/WallHeating Floor/Wall

Exterior

Lot Size6,970 sqft

Building Information

Year Built1951
Stories1
Roof Type105

Land Information

APNR-018-0100-2865
Lot Number15
SubdivisionEast Amarillo # 1
Land UseResidential
Legal DescriptionEAST AMARILLO # 1, LOT 015, BLK 0051
Census Tract012600
Assessed Land Value$5,000
Assessed Improvement Value$23,460
Assessment Year2025

About this property

Income-producing investment opportunity with minimal TLC needed! This duplex offers separate utility services for each unit, making property management more convenient. Unit A features 2 bedrooms and 1 bathroom with a functional layout. Unit B offers 1 bedroom and 1 bathroom, providing an additional rental opportunity. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers excellent potential. Don't miss your chance to own this versatile income-producing property. Schedule your showing today!

Investor Tools

Property Icon
$48,000
Estimated Property Value
$27,111Estimated Mortgage Balance
$20,959Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$78,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$360 /month
Positive
Cash Flow Estimate:
$120 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$79/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$713
$28,460
2025
$5,000
$23,460
$28,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$713
$28,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Firstbank Southwest
Commercial
$33,600
No
First
Feb 14, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$27,111
$16,889
38%
56%
$202/mo

City: Amarillo

907 N Lake St | Property Details | No Agent List