4011 S Polk St · Amarillo, TX 79110

$136,000

2 bd · 1.0 ba · 1,070 sqft · SingleFamily public records · 51 Days on market

Built 1933 7,000 sqft lot $127/sqft · 59% below area

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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 +18.0/30.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• 1% rule +4.9/10.0
• Rent growth +4.0/5.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SUPER CUTE COTTAGE STYLE HOME WITH A BASEMENT AND A 18'x42' SHOP! ALL UPDATES INCLUDE FRESH EXTERIOR PAINT(8/2023), WINDOWS(2020), FENCE (2019) AND ROOF(2019). SELLER JUST HAD ALL AC VENTS AND UNIT CLEANED AND SERVICED. OPEN FLOOR PLAN WITH LARGE LIVING AREA AND KITCHEN WITH TONS OF CABINETRY FOR STORAGE! CEILING FANS IN EVERY ROOM EXCEPT BATHROOM, BOTH BEDROOMS ARE SPACIOUS! BIG BACKYARD WITH PRIVACY FENCE. THE SHOP/GARAGE IS ALSO VERY LARGE WITH BUILT IN CABINETS AND NEWER WINDOWS AND ROOF. SELLER WILL GIVE BUYER A 4K FLOORING ALLOWANCE WITH AN ACCEPTABLE OFFER!

Key facts

• 7,000 sq ft lot
• 2 garage spots
• Built 1933

Property features AI

Exterior

• Parking: Detached oversized garage that faces the front (2-car)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Frame construction; Pillar/post/pier foundation; Built on a 50 x 140 lot
• Exterior features: Wood fencing

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central air; Natural gas heating
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $136k.

Deal economics

• At list price, monthly cash flow is $116 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $135k (0.6% below list).
• Recommended offer: $132k (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 (+6.0%/yr); 65 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $940 of loan paydown is wiped out by about $4k 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 51 days — a 3% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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 1933 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,920 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 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 1933 — 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: 0.99% ✗
• Cap rate: 7.32%
• Cash-on-cash: 3.65%
• DSCR: 1.16
• GRM: 8.4

CMA / ARV

• ARV (median comp): $329,983
• List price: $136,000
• Delta: -59.69%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 6.04% rent growth · sell at horizon

5-year hold

• IRR: -7.1%
• Equity multiple: 0.73×
• Total profit: $-10,370
• Equity at exit: $20,278

10-year hold

• IRR: 6.0%
• Equity multiple: 1.50×
• Total profit: $19,203
• Equity at exit: $11,759

Cash invested: $38,080 (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 79110

• Rents YoY: 6.0%
• Active inventory: 65
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,352 high
• Mortgage (P&I): −$713
• Tax from tax record: −$183 /mo · $2,192/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $116

Break-even live

Break-even rent $1,206

Max offer price $136,000

Occupancy floor 86%

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: $34,000
• Closing costs: $4,080
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4205 S Tyler St Amarillo, TX	2.0	1.0	852	$925	$1.09	43d	1	0.25mi
3703 S Monroe St Amarillo, TX	2.0	1.0	750	$1,100	$1.47	20d	1	0.41mi
3813 S Washington St Unit B Amarillo, TX	2.0	2.0	954	$1,050	$1.10	43d	1	0.42mi
4308 S Jackson St Amarillo, TX	3.0	1.0	1302	$1,490	$1.14	20d	1	0.48mi
3205 S Tyler St Amarillo, TX	3.0	1.0	1381	$1,475	$1.07	13d	1	0.54mi
4316 S Hayden St Amarillo, TX	3.0	1.5	1356	$1,650	$1.22	43d	1	0.72mi
608 Lochridge Amarillo, TX	3.0	2.0	1455	$1,900	$1.31	43d	1	0.84mi
4620 S Hayden St Amarillo, TX	3.0	1.0	1036	$1,475	$1.42	20d	1	0.91mi
4615 S Lipscomb St Amarillo, TX	3.0	2.0	1168	$1,000	$0.86	13d	1	0.97mi
4108 Crockett St Amarillo, TX	3.0	1.0	1373	$1,525	$1.11	43d	1	1.01mi
307 Mikeska St Amarillo, TX	3.0	2.0	1250	$1,800	$1.44	20d	1	1.10mi
4623 Crockett St Amarillo, TX	2.0	1.0	720	$1,100	$1.53	20d	1	1.26mi
4418 Ross St Amarillo, TX	3.0	2.0	1388	$1,750	$1.26	20d	1	1.41mi
2103 Parker St Amarillo, TX	3.0	2.0	1306	$2,300	$1.76	20d	1	1.49mi

Listing history 26 events

1. 2026-06-18
   pricestatus $136,000 Active 51 DOM
2. 2026-06-18
   days on market $133,000 Active Under Contract 51 DOM
3. 2026-06-17
   days on market $133,000 Active Under Contract 50 DOM
4. 2026-06-16
   days on market $133,000 Active Under Contract 49 DOM
5. 2026-06-15
   days on market $133,000 Active Under Contract 48 DOM
6. 2026-06-14
   days on market $133,000 Active Under Contract 46 DOM
7. 2026-06-13
   days on market $133,000 Active Under Contract 45 DOM
8. 2026-06-10
   pricestatusdays on market $133,000 Active Under Contract 43 DOM
9. 2026-06-09
   days on market $138,700 Active 42 DOM
10. 2026-06-08
    days on market $138,700 Active 41 DOM
11. 2026-06-07
    days on market $138,700 Active 40 DOM
12. 2026-06-03
    days on market $138,700 Active 36 DOM
13. 2026-06-02
    days on market $138,700 Active 35 DOM
14. 2026-06-01
    days on market $138,700 Active 34 DOM
15. 2026-05-31
    days on market $138,700 Active 33 DOM
16. 2026-05-30
    days on market $138,700 Active 32 DOM
17. 2026-04-28
    listed $139,900 Active 554-char remark
18. 2023-10-13
    soldstatus
19. 2023-10-12
    soldstatus Closed 572-char remark

    Show marketing remark (572 chars)

    SUPER CUTE COTTAGE STYLE HOME WITH A BASEMENT AND A 18'x42' SHOP! ALL UPDATES INCLUDE FRESH EXTERIOR PAINT(8/2023), WINDOWS(2020), FENCE (2019) AND ROOF(2019). SELLER JUST HAD ALL AC VENTS AND UNIT CLEANED AND SERVICED. OPEN FLOOR PLAN WITH LARGE LIVING AREA AND KITCHEN WITH TONS OF CABINETRY FOR STORAGE! CEILING FANS IN EVERY ROOM EXCEPT BATHROOM, BOTH BEDROOMS ARE SPACIOUS! BIG BACKYARD WITH PRIVACY FENCE. THE SHOP/GARAGE IS ALSO VERY LARGE WITH BUILT IN CABINETS AND NEWER WINDOWS AND ROOF. SELLER WILL GIVE BUYER A 4K FLOORING ALLOWANCE WITH AN ACCEPTABLE OFFER!

20. 2023-09-18
    price $124,900 572-char remark

    Show marketing remark (572 chars)

    SUPER CUTE COTTAGE STYLE HOME WITH A BASEMENT AND A 18'x42' SHOP! ALL UPDATES INCLUDE FRESH EXTERIOR PAINT(8/2023), WINDOWS(2020), FENCE (2019) AND ROOF(2019). SELLER JUST HAD ALL AC VENTS AND UNIT CLEANED AND SERVICED. OPEN FLOOR PLAN WITH LARGE LIVING AREA AND KITCHEN WITH TONS OF CABINETRY FOR STORAGE! CEILING FANS IN EVERY ROOM EXCEPT BATHROOM, BOTH BEDROOMS ARE SPACIOUS! BIG BACKYARD WITH PRIVACY FENCE. THE SHOP/GARAGE IS ALSO VERY LARGE WITH BUILT IN CABINETS AND NEWER WINDOWS AND ROOF. SELLER WILL GIVE BUYER A 4K FLOORING ALLOWANCE WITH AN ACCEPTABLE OFFER!

21. 2023-09-13
    listed $129,900 Active 572-char remark

    Show marketing remark (572 chars)

    SUPER CUTE COTTAGE STYLE HOME WITH A BASEMENT AND A 18'x42' SHOP! ALL UPDATES INCLUDE FRESH EXTERIOR PAINT(8/2023), WINDOWS(2020), FENCE (2019) AND ROOF(2019). SELLER JUST HAD ALL AC VENTS AND UNIT CLEANED AND SERVICED. OPEN FLOOR PLAN WITH LARGE LIVING AREA AND KITCHEN WITH TONS OF CABINETRY FOR STORAGE! CEILING FANS IN EVERY ROOM EXCEPT BATHROOM, BOTH BEDROOMS ARE SPACIOUS! BIG BACKYARD WITH PRIVACY FENCE. THE SHOP/GARAGE IS ALSO VERY LARGE WITH BUILT IN CABINETS AND NEWER WINDOWS AND ROOF. SELLER WILL GIVE BUYER A 4K FLOORING ALLOWANCE WITH AN ACCEPTABLE OFFER!

22. 2023-09-04
    price $129,900
23. 2023-08-29
    price $134,900
24. 2020-01-31
    soldstatus
25. 2012-06-05
    soldstatus
26. 2006-07-07
    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: $2,192 · $183/mo
• Projected year-2 tax: $2,489 · $207/mo
• Expected delta: +$297/yr (+$25/mo · 13.5%)

ⓘ 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 9/10 Extreme
• 🌡 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: $16,228
• − Mortgage interest: −$7,618
• − Property taxes: −$2,192
• − Insurance: −$680
• − Repairs & maintenance: −$1,298
• − Management: −$1,298
• − Depreciation: −$3,956
• Taxable loss: −$815
• Est. tax savings @ 24.0%: +$196
• After-tax cash flow: $1,586/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): 16,994
• Household income: $66,683
• Rent vs Own: 30.1% rent · 69.9% own
• Severe rent burden: 208.0

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: Majority White (61%)
• Race & ethnicity: White 61% Hispanic / Latino 32% Two or more races 13% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 83% English-only · Spanish 13% Other Indo-European 2% Other Asian/Pacific 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: ▼ -226.16%
• Current HPI: 180.2164
• Rent YoY: ▲ 6.04%
• 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

+0.8% since first listed

15 events — show timeline

• 2026-06-18 Relisted — AARMLS
• 2026-06-16 Price Changed $136,000 AARMLS
• 2026-06-09 Contingent — AARMLS
• 2026-06-09 Price Changed $133,000 AARMLS
• 2026-05-19 Price Changed $138,700 AARMLS
• 2026-04-28 Listed $139,900 AARMLS
• 2023-10-13 Sold (Public Records) — Public Records
• 2023-10-12 Sold (MLS) — AARMLS
• 2023-09-18 Price Changed $124,900 AARMLS
• 2023-09-13 Listed $129,900 AARMLS
• 2023-09-04 Price Changed $129,900 AARMLS
• 2023-08-29 Price Changed $134,900 AARMLS
• 2020-01-31 Sold (Public Records) — Public Records
• 2012-06-05 Sold (Public Records) — Public Records
• 2006-07-07 Sold (Public Records) — Public Records

Property tax history

+3.8%/yr

Latest (2025): $2,192 · -7.9% YoY. Source: county tax records.