207 E Central Ave · Amarillo, TX 79108

$59,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 57 Days on market

Built 1945 0.25 ac lot $61/sqft · 33% below area Est $89k · 33% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Wow! Excellent rehab opportunity in the Minter Acres subdivision of Potter County. This 3-bedroom, 1-bath home sits on a spacious 10,890 sq ft lot and offers tremendous upside for the right buyer. Sold AS-IS, with the seller making no repairs. Perfect for investors or renovators looking for their next project. Schedule your showing today!

Key facts

• Spacious lot
• 0.25 acre lot
• Built 1945

Tags

• MINTER ACRES SUBDIVISION
• SPACIOUS LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $57k (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: 62 active listings in the ZIP; 5 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $408 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($57k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.9% of price; built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $57,230 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 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 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 1.84% ✓
• Cap rate: 13.01%
• Cash-on-cash: 24.00%
• DSCR: 2.07
• GRM: 4.5

CMA / ARV

• ARV (median comp): $88,677
• List price: $59,000
• Delta: -33.47%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
156 W Central Ave	0.39mi	3/1.0	1,016 (+6%)	19mo	$79,000	$78	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 17.3%
• Equity multiple: 1.70×
• Total profit: $11,569
• Equity at exit: $8,797

10-year hold

• IRR: 25.9%
• Equity multiple: 3.27×
• Total profit: $37,528
• Equity at exit: $5,101

Cash invested: $16,520 (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 79108

• Home prices YoY: -25.9%
• Active inventory: 62
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,084 high
• Mortgage (P&I): −$309
• Tax from tax record: −$192 /mo · $2,303/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $330

Break-even live

Break-even rent $666

Max offer price $59,000

Occupancy floor 65%

Sensitivity live

Price	-10% $364	-5% $347	+0% $330	+5% $314	+10% $297
Rent	-10% $245	-5% $288	+0% $330	+5% $373	+10% $416
Rate	-1.0pp $360	-0.5pp $345	base $330	+0.5pp $315	+1.0pp $300

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
509 Jason Ave Amarillo, TX	1.0–2.0	1.0–2.0	931	$962	$1.03	13d	1	0.72mi
4005 Hilltop Dr Apt C Amarillo, TX	2.0	1.0	784	$850	$1.08	21d	1	0.87mi
4005 Hilltop Dr Apt D Amarillo, TX	3.0	2.0	924	$1,250	$1.35	21d	1	0.87mi
2800 Redwood St Amarillo, TX	3.0	1.0	926	$1,350	$1.46	44d	1	1.19mi
2904 N Mirror St Amarillo, TX	2.0	1.0	608	$1,050	$1.73	21d	1	1.36mi

Listing history 19 events

1. 2026-06-18
   status $59,000 Active 57 DOM
2. 2026-06-18
   days on market $59,000 Active Option Contract 57 DOM
3. 2026-06-17
   days on market $59,000 Active Option Contract 56 DOM
4. 2026-06-16
   days on market $59,000 Active Option Contract 55 DOM
5. 2026-06-15
   days on market $59,000 Active Option Contract 54 DOM
6. 2026-06-14
   days on market $59,000 Active Option Contract 52 DOM
7. 2026-06-13
   statusdays on market $59,000 Active Option Contract 51 DOM
8. 2026-06-10
   days on market $59,000 Active 49 DOM
9. 2026-06-09
   days on market $59,000 Active 48 DOM
10. 2026-06-08
    days on market $59,000 Active 47 DOM
11. 2026-06-07
    days on market $59,000 Active 46 DOM
12. 2026-06-03
    days on market $59,000 Active 42 DOM
13. 2026-06-02
    days on market $59,000 Active 41 DOM
14. 2026-06-01
    days on market $59,000 Active 40 DOM
15. 2026-05-31
    days on market $59,000 Active 39 DOM
16. 2026-05-30
    days on market $59,000 Active 38 DOM
17. 2026-04-22
    listed $59,000 Active 340-char remark

    Show marketing remark (340 chars)

    Wow! Excellent rehab opportunity in the Minter Acres subdivision of Potter County. This 3-bedroom, 1-bath home sits on a spacious 10,890 sq ft lot and offers tremendous upside for the right buyer. Sold AS-IS, with the seller making no repairs. Perfect for investors or renovators looking for their next project. Schedule your showing today!

18. 2026-02-04
    soldstatus
19. 2025-07-23
    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: $2,303 · $192/mo
• Projected year-2 tax: $2,303 · $192/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 10/10 Extreme
• 🌡 Heat 4/10 Moderate 6 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,007
• − Mortgage interest: −$3,305
• − Property taxes: −$2,303
• − Insurance: −$295
• − Repairs & maintenance: −$1,041
• − Management: −$1,041
• − Depreciation: −$1,716
• Taxable income: $3,306
• Est. tax owed @ 24.0%: −$793
• After-tax cash flow: $3,171/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): 10,979

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: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 23% Two or more races 14% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 20%
• Common ancestry: Italian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 8% · Canada, Philippines
• Languages at home: 80% English-only · Spanish 17% Other Asian/Pacific 2%

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: ▼ -64.97%
• Current HPI: 185.6329
• 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

3 events — show timeline

• 2026-04-22 Listed $59,000 NTREIS
• 2026-02-04 Sold (Public Records) — Public Records
• 2025-07-23 Sold (Public Records) — Public Records

Property tax history

+5.9%/yr

Latest (2025): $2,303 · +18.7% YoY. Source: county tax records.