1934 Port Ln · Amarillo, TX 79106

$149,900

3 bd · 3.0 ba · 1,760 sqft · Townhouse public records · 216 Days on market

Built 1986 2,160 sqft lot

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.2/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Rent growth +3.7/5.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Townhome with great bones. Fixer upper sold as is. No repairs.

Key facts

• Built 1986
• Listed 215 days

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $300 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#624 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities C-, schools D, crime F.
• Amarillo ISD (urban): math 44% / reading 41% proficiency, ranked #336 of 826 in TX (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.7%/yr); 132 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,214 units permitted in Potter County in 2024 (650 in 5+ unit buildings).
• This rent runs 35% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 216 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $63k; list at $150k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 216 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.17% ✓
• Cap rate: 8.69%
• Cash-on-cash: 8.57%
• DSCR: 1.38
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.69% rent growth · sell at horizon

5-year hold

• IRR: -1.3%
• Equity multiple: 0.95×
• Total profit: $-2,124
• Equity at exit: $22,351

10-year hold

• IRR: 10.2%
• Equity multiple: 1.85×
• Total profit: $35,816
• Equity at exit: $12,961

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 79106

• Rents YoY: 4.7%
• Active inventory: 132
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,752 high
• Mortgage (P&I): −$786
• Tax from tax record: −$236 /mo · $2,833/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $300

Break-even live

Break-even rent $1,373

Max offer price $149,900

Occupancy floor 78%

Sensitivity live

Price	-10% $384	-5% $342	+0% $300	+5% $257	+10% $215
Rent	-10% $161	-5% $230	+0% $300	+5% $369	+10% $438
Rate	-1.0pp $375	-0.5pp $338	base $300	+0.5pp $261	+1.0pp $221

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1908 Kirkland Dr Amarillo, TX	4.0	2.0	1756	$2,000	$1.14	22d	1	0.27mi
6230 Belpree Rd Unit 6230 Amarillo, TX	3.0	2.0	2000	$1,850	$0.93	14d	1	0.43mi
1509 Bell St Amarillo, TX	3.0	2.0	1407	$1,745	$1.24	22d	1	0.74mi
2303 Larry St Amarillo, TX	3.0	2.0	1522	$1,900	$1.25	14d	1	0.86mi
7111 Imperial Trl Amarillo, TX	3.0	2.0	1970	$2,150	$1.09	44d	1	0.94mi
5117 SW 16th Ave Amarillo, TX	3.0	2.0	1513	$1,745	$1.15	22d	1	1.07mi
7603 Canode Dr Amarillo, TX	3.0	2.0	1739	$2,200	$1.27	14d	1	1.13mi
7727 Cervin Dr Amarillo, TX	2.0	2.0	1696	$2,200	$1.30	44d	1	1.34mi

Listing history 20 events

1. 2026-06-21
   days on market $149,900 Active 216 DOM
2. 2026-06-18
   days on market $149,900 Active 213 DOM
3. 2026-06-17
   days on market $149,900 Active 212 DOM
4. 2026-06-16
   days on market $149,900 Active 211 DOM
5. 2026-06-15
   days on market $149,900 Active 210 DOM
6. 2026-06-14
   days on market $149,900 Active 208 DOM
7. 2026-06-13
   days on market $149,900 Active 207 DOM
8. 2026-06-10
   days on market $149,900 Active 205 DOM
9. 2026-06-09
   days on market $149,900 Active 204 DOM
10. 2026-06-08
    days on market $149,900 Active 203 DOM
11. 2026-06-07
    days on market $149,900 Active 202 DOM
12. 2026-06-03
    days on market $149,900 Active 198 DOM
13. 2026-06-02
    days on market $149,900 Active 197 DOM
14. 2026-06-01
    days on market $149,900 Active 196 DOM
15. 2026-05-31
    days on market $149,900 Active 195 DOM
16. 2026-05-30
    days on market $149,900 Active 194 DOM
17. 2025-11-05
    listed $149,900 Active 62-char remark

    Show marketing remark (62 chars)

    Townhome with great bones. Fixer upper sold as is. No repairs.

18. 2015-04-24
    soldstatus $63,000
19. 2005-11-01
    soldstatus
20. 2005-10-19
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $2,833 · $236/mo
• Projected year-2 tax: $2,833 · $236/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,026
• − Mortgage interest: −$8,397
• − Property taxes: −$2,833
• − Insurance: −$750
• − Repairs & maintenance: −$1,682
• − Management: −$1,682
• − Depreciation: −$4,361
• Taxable income: $1,322
• Est. tax owed @ 24.0%: −$317
• After-tax cash flow: $3,278/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Amarillo ISD
• NCES district ID: 4808130
• Math proficiency: 44% ▼ -9.00%
• Reading proficiency: 41% ▼ -3.00%
• Median HH income: $43,478
• Composite: 35.96/100
• National rank: #4798
• State rank: #336 of 826 in TX

Livability — Amarillo

• Score: 66/100
• State rank: #624
• US rank: #11876

Category grades

Amenities C- Commute F Cost of living A+ Crime F Employment C Housing A+ Health & safety F User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Amarillo, TX
• County: Potter County · 72,216 people
• City population: 185,802
• Metro: Amarillo, TX
• Population (ZIP): 26,161
• Household income: $59,493
• Rent vs Own: 48.4% rent · 51.6% own
• Severe rent burden: 994.0

Population outlook (Potter County) Hauer SSP2

• Today (2025): 121,296 people
• By 2030: 120,883 · -0.3%
• By 2040: 119,668 · -1.3%
• By 2050: 117,788 · -2.9%
• By 2075: 110,250 · -9.1%
• By 2100: 92,923 · -23.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 56% Hispanic / Latino 33% Two or more races 16% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Italian 3% Slovak 2% Iranian 2%
• Foreign-born: 9% · Canada, Philippines, Vietnam
• Languages at home: 80% English-only · Spanish 16% Other Asian/Pacific 2% Vietnamese 1%

Political lean MEDSL · Potter

• 2024 margin: Solid R (+44.4) · D 27.3% · R 71.7% · Other 1.1%
• 2008→2024 swing: -5.0pp toward R · 2008: -39.4pp · 2024: -44.4pp
• All cycles: 2024: R+44.4 2020: R+38.7 2016: R+41.9 2012: R+44.6 2008: R+39.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -179.04%
• Current HPI: 178.2153
• Rent YoY: ▲ 4.69%
• Metro: Amarillo, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+137.9% since first listed

4 events — show timeline

• 2025-11-05 Listed $149,900 LARMLS
• 2015-04-24 Sold (Public Records) $63,000 Public Records
• 2005-11-01 Sold (Public Records) — Public Records
• 2005-10-19 Sold (Public Records) — Public Records

Property tax history

+1.1%/yr

Latest (2025): $2,833 · -5.5% YoY. Source: county tax records.