7810 Canode Dr · Amarillo, TX 79121

$242,500

3 bd · 2.0 ba · 1,793 sqft · SingleFamily public records · 18 Days on market

Built 1978

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Why this score? — see what drove the D 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 +12.8/30.0
• ARV discount +7.5/15.0
• 1% rule +4.0/10.0
• DSCR +3.8/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Another great home in Puckett West. Very well maintained now ready for a new family! Great Location! Large rooms, Should not last long. Take a look and see the potential. Sold as is!

Key facts

• 2 garage spots
• Built 1978
• Listed 18 days

Tags

• BRAND NEW CLASS 4 ROOF

Property features AI

Exterior

• Parking: Attached rear-facing garage with 2 spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level; Residential property
• Construction: Slab foundation
• Exterior features: Wood fencing; Faces west

Interior

• Kitchen: Range; Dishwasher; Microwave
• Bathrooms: One full bathroom; One three-quarter bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Range, Dishwasher, Microwave; Fireplace in the living room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $242k.

Deal economics

• At list price, monthly cash flow is $-20 ($-240/yr) — negative.
• To cash-flow at today's rent, offer at most $239k (1.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (9.8% below list).
• Recommended offer: $219k (9.8% below list) — sets the bar for 1% rule.

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: 39 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 $2k of loan paydown is wiped out by about $7k 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 18 days — a 2% lower offer ($239k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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

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

Recommended offer $218,830 (9.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1978 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.90% ✗
• Cap rate: 6.19%
• Cash-on-cash: -0.35%
• DSCR: 0.98
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -16.8%
• Equity multiple: 0.40×
• Total profit: $-40,489
• Equity at exit: $36,158

10-year hold

• IRR: -8.6%
• Equity multiple: 0.46×
• Total profit: $-36,579
• Equity at exit: $20,967

Cash invested: $67,900 (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 79121

• Active inventory: 39
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,188 high
• Mortgage (P&I): −$1,272
• Tax from tax record: −$376 /mo · $4,512/yr
• Insurance: −$101
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $-20

Break-even live

Break-even rent $2,214

Max offer price $238,972

Occupancy floor 96%

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: $60,625
• Closing costs: $7,275
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7727 Cervin Dr Amarillo, TX	2.0	2.0	1696	$2,200	$1.30	43d	1	0.14mi
7603 Canode Dr Amarillo, TX	3.0	2.0	1739	$2,200	$1.27	13d	1	0.45mi
7111 Imperial Trl Amarillo, TX	3.0	2.0	1970	$2,150	$1.09	43d	1	0.77mi
3013 Swenson St Amarillo, TX	4.0	2.0	1612	$2,400	$1.49	21d	1	1.09mi
6230 Belpree Rd Unit 6230 Amarillo, TX	3.0	2.0	2000	$1,850	$0.93	13d	1	1.29mi

Listing history 15 events

1. 2026-06-18
   status $242,500 Pending 18 DOM
2. 2026-06-18
   days on market $242,500 Active Under Contract 18 DOM
3. 2026-06-17
   days on market $242,500 Active Under Contract 17 DOM
4. 2026-06-16
   days on market $242,500 Active Under Contract 16 DOM
5. 2026-06-15
   days on market $242,500 Active Under Contract 15 DOM
6. 2026-06-14
   days on market $242,500 Active Under Contract 13 DOM
7. 2026-06-13
   days on market $242,500 Active Under Contract 12 DOM
8. 2026-06-10
   days on market $242,500 Active Under Contract 10 DOM
9. 2026-06-09
   days on market $242,500 Active Under Contract 9 DOM
10. 2026-06-08
    days on market $242,500 Active Under Contract 8 DOM
11. 2026-06-07
    statusdays on market $242,500 Active Under Contract 7 DOM
12. 2026-06-03
    days on market $242,500 Active 3 DOM
13. 2026-06-02
    days on market $242,500 Active 2 DOM
14. 2026-06-01
    remarks 388-char remark
15. 2026-06-01
    listed $242,500 Active 1 DOM

ⓘ 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: $4,512 · $376/mo
• Projected year-2 tax: $4,512 · $376/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 7/10 Severe
• 🌡 Heat 4/10 Moderate 7 d/yr ≥97°F today · 19 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: $26,260
• − Mortgage interest: −$13,584
• − Property taxes: −$4,512
• − Insurance: −$1,212
• − Repairs & maintenance: −$2,101
• − Management: −$2,101
• − Depreciation: −$7,055
• Taxable loss: −$4,305
• Est. tax savings @ 24.0%: +$1,033
• After-tax cash flow: $793/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
• City population: 185,802
• Population (ZIP): 5,879

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 16% Two or more races 12% Asian 6% Black 3%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Italian 5% Slovak 3% Lithuanian 2%
• Foreign-born: 6% · Vietnam, Canada, Jamaica
• Languages at home: 85% English-only · Spanish 8% Vietnamese 4% 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: ▼ -151.82%
• Current HPI: 167.7934
• Rent YoY: —
• Metro: —
• 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

+42.6% since first listed

5 events — show timeline

• 2026-05-28 Listed $242,500 AARMLS
• 2020-10-01 Sold (Public Records) — Public Records
• 2020-09-30 Sold (MLS) — AARMLS
• 2020-08-26 Listed $170,000 AARMLS
• 2007-10-12 Sold (Public Records) — Public Records

Property tax history

+3.8%/yr

Latest (2025): $4,512 · +4.8% YoY. Source: county tax records.