3407 S Harrison St · Amarillo, TX 79109

$105,000

2 bd · 1.0 ba · 992 sqft · SingleFamily public records · 48 Days on market

Built 1926

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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 +20.9/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +5.1/10.0
• Rent growth +3.8/5.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2/1/1 near Amarillo College. PRAD is 60k. Needs very little to be rent ready. New electrical service and inside panel. To be sold as-is. No FHA or VA financing. Cash or Conventional only. Owner/Broker

Key facts

• Roof
• Sewer line replaced
• Garage

Tags

• SEWER LINE REPLACED
• ROOF

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Faces west
• Construction: Pillar/post/pier foundation
• Exterior features: Chain link fencing

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Central air
• Interior features: Central air conditioning

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $146 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $102k (3.0% 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 (+5.2%/yr); 157 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 45 units permitted in Randall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Randall County population projected at +36% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,850 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.01% ✓
• Cap rate: 7.97%
• Cash-on-cash: 5.97%
• DSCR: 1.27
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.24% rent growth · sell at horizon

5-year hold

• IRR: -4.7%
• Equity multiple: 0.82×
• Total profit: $-5,247
• Equity at exit: $15,656

10-year hold

• IRR: 7.4%
• Equity multiple: 1.61×
• Total profit: $17,946
• Equity at exit: $9,078

Cash invested: $29,400 (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 79109

• Rents YoY: 5.2%
• Active inventory: 157
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,064 high
• Mortgage (P&I): −$551
• Tax from tax record: −$99 /mo · $1,194/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $146

Break-even live

Break-even rent $878

Max offer price $105,000

Occupancy floor 81%

Sensitivity live

Price	-10% $206	-5% $176	+0% $146	+5% $117	+10% $87
Rent	-10% $62	-5% $104	+0% $146	+5% $188	+10% $230
Rate	-1.0pp $199	-0.5pp $173	base $146	+0.5pp $119	+1.0pp $91

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3703 S Monroe St Amarillo, TX	2.0	1.0	750	$1,100	$1.47	21d	1	0.30mi
3813 S Washington St Unit B Amarillo, TX	2.0	2.0	954	$1,050	$1.10	44d	1	0.44mi
4108 S Washington St Amarillo, TX	1.0	1.0	624	$850	$1.36	14d	1	0.62mi
2400 S Polk St #204 Amarillo, TX	1.0	1.0	549	$1,300	$2.37	44d	1	0.63mi
4205 S Tyler St Amarillo, TX	2.0	1.0	852	$925	$1.09	44d	1	0.65mi
2216 S Polk St Apt D Amarillo, TX	1.0	1.0	544	$575	$1.06	44d	1	0.70mi
2030 S Hayden St Amarillo, TX	1.0	1.0	630	$650	$1.03	14d	1	1.09mi
4620 S Hayden St Amarillo, TX	3.0	1.0	1036	$1,475	$1.42	21d	1	1.22mi
1616 1 S Polk St Unit 1 Amarillo, TX	1.0	1.0	530	$525	$0.99	44d	1	1.26mi
612 SW 17th Ave Amarillo, TX	1.0	1.0	1008	$650	$0.64	21d	1	1.30mi
3001 Curtis Dr Unit A Amarillo, TX	2.0	1.0	713	$1,100	$1.54	21d	1	1.48mi
4623 Crockett St Amarillo, TX	2.0	1.0	720	$1,100	$1.53	21d	1	1.48mi

Listing history 12 events

1. 2026-05-04
   status Pending
2. 2026-04-24
   historical Active Under Contract
3. 2026-04-15
   status Active
4. 2026-04-06
   historical Active Under Contract
5. 2026-03-17
   listed $105,000 Active
6. 2026-03-03
   price $105,000
7. 2026-01-31
   price $90,000
8. 2025-11-29
   price $100,000
9. 2015-09-21
   soldstatus
10. 2015-09-16
    soldstatus 200-char remark

    Show marketing remark (200 chars)

    2/1/1 near Amarillo College. PRAD is 60k. Needs very little to be rent ready. New electrical service and inside panel. To be sold as-is. No FHA or VA financing. Cash or Conventional only. Owner/Broker

11. 2015-08-10
    listed $45,000 200-char remark

    Show marketing remark (200 chars)

    2/1/1 near Amarillo College. PRAD is 60k. Needs very little to be rent ready. New electrical service and inside panel. To be sold as-is. No FHA or VA financing. Cash or Conventional only. Owner/Broker

12. 2015-07-13
    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: $1,194 · $99/mo
• Projected year-2 tax: $1,922 · $160/mo
• Expected delta: +$728/yr (+$61/mo · 61.0%)

ⓘ 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: $12,762
• − Mortgage interest: −$5,882
• − Property taxes: −$1,194
• − Insurance: −$525
• − Repairs & maintenance: −$1,021
• − Management: −$1,021
• − Depreciation: −$3,055
• Taxable income: $66
• Est. tax owed @ 24.0%: −$16
• After-tax cash flow: $1,740/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: Randall County · 137,351 people
• City population: 185,802
• Metro: Amarillo, TX
• Population (ZIP): 43,578
• Household income: $70,435
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1640.0

Population outlook (Randall County) Hauer SSP2

• Today (2025): 152,140 people
• By 2030: 163,107 · +7.2%
• By 2040: 184,999 · +21.6%
• By 2050: 206,948 · +36.0%
• By 2075: 260,204 · +71.0%
• By 2100: 294,980 · +93.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 19% Two or more races 12% Black 5%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 9% Other Indo-European 1%

Political lean MEDSL · Randall

• 2024 margin: Solid R (+60.4) · D 19.4% · R 79.8%
• 2008→2024 swing: +2.3pp toward D · 2008: -62.7pp · 2024: -60.4pp
• All cycles: 2024: R+60.4 2020: R+58.8 2016: R+65.1 2012: R+68.2 2008: R+62.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -227.95%
• Current HPI: 171.6795
• Rent YoY: ▲ 5.24%
• 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

+133.3% since first listed

12 events — show timeline

• 2026-05-04 Pending — AARMLS
• 2026-04-24 Contingent — AARMLS
• 2026-04-15 Relisted — AARMLS
• 2026-04-06 Contingent — AARMLS
• 2026-03-17 Listed $105,000 AARMLS
• 2026-03-03 Price Changed $105,000 AARMLS
• 2026-01-31 Price Changed $90,000 AARMLS
• 2025-11-29 Price Changed $100,000 AARMLS
• 2015-09-21 Sold (Public Records) — Public Records
• 2015-09-16 Sold (MLS) — AARMLS
• 2015-08-10 Listed $45,000 AARMLS
• 2015-07-13 Sold (Public Records) — Public Records

Property tax history

-0.8%/yr

Latest (2025): $1,194 · -1.6% YoY. Source: county tax records.