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$275,000

5501 Alvarado Rd, Amarillo, TX, 79106

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,845 Sq Ft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesOven, Microwave, Cooktop

Exterior

Exterior FeaturesDog Run
Lot Size10,019 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR-061-1200-4185
SubdivisionOlsen Park Addn # 22
Land UseResidential
Legal DescriptionOLSEN PARK ADDN # 22, BLK 0085, E 2FT OF 10 & ALL OF 11
Census Tract020200
Assessed Land Value$15,877
Assessed Improvement Value$198,795
Assessment Year2025

About this property

Spacious home on corner lot in Olsen! This well-maintained home features an abundance of living and entertaining space in the large living areas that flow nicely into dining area and kitchen. The home offers 3 bedrooms and 2 full bathrooms, a large front and backyard perfect for grilling, spending time with family and relaxing. The backyard also features a large custom dog run. Detached 2 car garage with storm shelter. Successfully operated as an airbnb for approximately a year with strong occupancy. Updates include newer flooring in both living areas and all bedrooms, an updated utility closet and a new oven.

Investor Tools

$206,618Estimated Mortgage Balance
$40,382Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

Interested in this property?

Natalia Niave

Fathom Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$384/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,373
$214,672
2025
$15,877
$198,795
$214,672
No

Tax History

Year
Tax Paid
Assessed Value
2018
$3,373
$214,672

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eustis Mortgage Corp
Fha
$225,834
Yes
First
Mar 16, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$206,618
$40,382
16%
84%
$1,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,322/mo
$1,354/mo
$-32/mo
6.4%

City: Amarillo

5501 Alvarado Rd | Property Details | No Agent List