9101 Surveyor Rd · Amarillo, TX 79124

$221,800

3 bd · 2.0 ba · 1,100 sqft · SingleFamily · 23 Days on market

Built 2026 Good condition

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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 +12.9/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Condition / age +4.0/5.0
• DSCR +3.9/10.0
• 1% rule +3.7/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

The 1,100 square-foot Aspen floor plan is a smart, efficient layout with open living spaces that just make sense. Brick and vinyl exterior with covered entryLuxury vinyl plank flooring in main areasOpen-concept kitchen, living, and dining areaKitchen islandGranite or quartz countertopsStainless steel appliancesPrivate primary suite with walk-in closet

Key facts

• Open living spaces
• Covered entry
• Kitchen island

Tags

• OPEN LIVING SPACES
• COVERED ENTRY
• KITCHEN ISLAND
• GRANITE OR QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• PRIVATE PRIMARY SUITE

Property features AI

Finance

• Other: Living area approximately 1100; Address: 9101 Surveyor Rd, Bushland, TX 79124; Listing status: Active; List price: $221,800

Exterior

• Parking: 1 parking space
• Utilities: Has heating; Has cooling
• Home design: Spec-built plan named Aspen; Single-family property

Interior

• Kitchen: Dishwasher; Disposal; Microwave
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Ceiling fans

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $222k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-17 ($-205/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (1.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (13.5% below list).
• Recommended offer: $192k (13.5% 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-, crime F, commute F.
• Canyon ISD (town): math 60% / reading 54% proficiency, ranked #78 of 826 in TX (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hillside El (math 65% / reading 60%, grade B, #311 of 4,322 statewide, top 7%, 348 students, 33% FRL); Greenways Int (math 73% / reading 50%, grade B+, #141 of 1,662 statewide, top 9%, 619 students, 35% FRL); Randall H S (math 43% / reading 64%, grade C-, #428 of 1,632 statewide, top 27%, 1,148 students, 35% FRL).
• Market conditions: 310 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% 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 23 days — a 2% lower offer ($218k) is reasonable based on typical stale-listing flexibility.

Recommended offer $191,868 (13.5% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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?
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: 0.87% ✗
• Cap rate: 6.20%
• Cash-on-cash: -0.33%
• DSCR: 0.99
• GRM: 9.6

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: $-36,998
• Equity at exit: $33,071

10-year hold

• IRR: -8.7%
• Equity multiple: 0.46×
• Total profit: $-33,498
• Equity at exit: $19,177

Cash invested: $62,104 (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 79124

• Home prices YoY: -28.7%
• Active inventory: 310
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,919 medium
• Mortgage (P&I): −$1,163
• Tax est. 1.5%: −$277 /mo · $3,327/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$403
• Net cashflow: $-17

Break-even live

Break-even rent $1,940

Max offer price $219,332

Occupancy floor 96%

Sensitivity live

Price	-10% $136	-5% $60	+0% $-17	+5% $-94	+10% $-170
Rent	-10% $-169	-5% $-93	+0% $-17	+5% $59	+10% $135
Rate	-1.0pp $95	-0.5pp $39	base $-17	+0.5pp $-75	+1.0pp $-133

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: $55,450
• Closing costs: $6,654
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2808 Haystack Way Amarillo, TX	2.0	2.0	1010	$1,850	$1.83	45d	1	0.07mi
8910 Hockley St Amarillo, TX	2.0	2.0	1005	$1,850	$1.84	45d	1	0.07mi
2801 Ranch House Rd Amarillo, TX	3.0	2.0	1205	$2,100	$1.74	45d	1	0.13mi

Listing history 16 events

1. 2026-06-22
   days on market $221,800 Active 23 DOM
2. 2026-06-18
   days on market $221,800 Active 20 DOM
3. 2026-06-17
   days on market $221,800 Active 19 DOM
4. 2026-06-16
   days on market $221,800 Active 18 DOM
5. 2026-06-15
   days on market $221,800 Active 17 DOM
6. 2026-06-14
   days on market $221,800 Active 15 DOM
7. 2026-06-13
   days on market $221,800 Active 14 DOM
8. 2026-06-10
   days on market $221,800 Active 12 DOM
9. 2026-06-09
   days on market $221,800 Active 11 DOM
10. 2026-06-08
    days on market $221,800 Active 10 DOM
11. 2026-06-07
    days on market $221,800 Active 9 DOM
12. 2026-06-05
    days on market $221,800 Active 6 DOM
13. 2026-06-03
    days on market $221,800 Active 5 DOM
14. 2026-06-02
    days on market $221,800 Active 4 DOM
15. 2026-06-01
    days on market $221,800 Active 3 DOM
16. 2026-05-31
    days on market $221,800 Active 2 DOM

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

Taxation est. · year 1

• Rental income: $23,024
• − Mortgage interest: −$12,424
• − Property taxes: −$3,327
• − Insurance: −$1,109
• − Repairs & maintenance: −$1,842
• − Management: −$1,842
• − Depreciation: −$6,452
• Taxable loss: −$3,972
• Est. tax savings @ 24.0%: +$953
• After-tax cash flow: $749/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.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab

This home is in good condition with a good condition score of 80. It has a good exterior, interior, and HVAC system. The home is move-in ready and would benefit from fresh paint and cleaning gutters to further enhance its value.

Value-add opportunities

• Resale Paint exterior trim — Fresh paint can enhance curb appeal and home value.
• Rental Clean gutters — Clean gutters improve drainage and prevent water damage, which is important for renters.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior trim — Fresh paint can enhance curb appeal and home value. ↑
• Rental Clean gutters — Clean gutters improve drainage and prevent water damage, which is important for renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Canyon ISD
• NCES district ID: 4812810
• Math proficiency: 60% ▼ -1.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $65,177
• Composite: 50.07/100
• National rank: #1912
• State rank: #78 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): 11,800

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 16% Two or more races 6%
• Hispanic origin (detail): Mexican 12% Cuban 1%
• Common ancestry: Slovak 4% Italian 2% Romanian 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 90% English-only · Spanish 8% Vietnamese 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: ▼ -66.66%
• Current HPI: 165.6073
• 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