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NoAgentList RatingHow are grades calculated? Info
Days40Days on Market
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$260,000

938 W Central Ave, Amarillo, TX, 79108

$338,000 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,661 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.34 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size1.35 acres

Building Information

Year Built1954
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR-035-6550-2300
SubdivisionHetrick Acres
Land UseResidential
Legal DescriptionHETRICK ACRES, TR 026, 1.3500 ACRES
Census Tract015200
Assessed Land Value$4,050
Assessed Improvement Value$252,742
Assessment Year2025

About this property

Solid bones. Valuable improvements. Endless possibilities. Situated on approximately 1.35 acres, this property offers the space you've been looking for along with many of the costly improvements already completed. Per seller, updates include new central heat and air, updated electrical, a 7-year old roof, new gas and water service lines to the home, new windows, fresh stucco, and an updated garage conversion for added flexible living space. The exterior walls are concrete for lasting durability. Bring your personal style and finish the vision while enjoying the peace of mind that comes with many of the major systems already improved.

Investor Tools

Property Icon
$272,000
Estimated Property Value
$80,000Estimated Mortgage Balance
$203,304Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$338,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

Interested in this property?

Cornerstone Realty Group

RockOne Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,292
$256,792
2025
$4,050
$252,742
$256,792
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,292
$256,792

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Robert N Wilkinson Jr
Unknown
$80,000
No
First
Jun 10, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$69,000
$187,792
73%
25%
$480/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,400/mo
$480/mo
+$920/mo
6.2%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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938 W Central Ave | Property Details | No Agent List