1324 Bluebell St · Amarillo, TX 79107

$120,000

3 bd · 1.0 ba · 1,043 sqft · SingleFamily public records · 24 Days on market

Built 1958

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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 +15.4/30.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• 1% rule +4.3/10.0
• 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

Calling all first-time home buyers and investors! Take a look at this nice home located at 1324 Bluebell featuring 3 bedrooms, 1 bathroom, a large living area, and spacious bedrooms. Whether you're looking for your first home or your next investment property, this one is worth seeing. Come take a look and see it for yourself!

Key facts

• Built 1958
• Listed 24 days

Property features AI

Finance

• HOA & community: No community features listed

Exterior

• Parking: No parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Residential property
• Construction: Brick and frame construction; Slab foundation; Built in 2026
• Exterior features: Wood fencing

Interior

• Kitchen: Range; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Range; Refrigerator
• Laundry & utility: Laundry located in the kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $46 ($553/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 $112k (6.6% below list).
• Recommended offer: $112k (6.6% 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.
• 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.
• Zoned schools: Eastridge El (math 29% / reading 32%, grade F, #2,464 of 4,322 statewide, top 58%, 596 students, 94% FRL); Travis Middle (math 28% / reading 37%, grade F, #947 of 1,662 statewide, top 58%, 629 students, 92% FRL); Palo Duro H S (math 39% / reading 33%, grade F, #930 of 1,632 statewide, top 57%, 1,923 students, 84% FRL) — zoned schools average 90% FRL vs 58% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 120 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,214 units permitted in Potter County in 2024 (650 in 5+ unit buildings).
• This rent runs 33% of the median local income ($41k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($118k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $112,110 (6.6% below list)

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.93% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.65%
• DSCR: 1.07
• GRM: 8.9

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: -13.7%
• Equity multiple: 0.51×
• Total profit: $-16,488
• Equity at exit: $17,892

10-year hold

• IRR: -4.8%
• Equity multiple: 0.69×
• Total profit: $-10,485
• Equity at exit: $10,375

Cash invested: $33,600 (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 79107

• Home prices YoY: -20.9%
• Active inventory: 120
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,121 high
• Mortgage (P&I): −$629
• Tax from tax record: −$160 /mo · $1,924/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $46

Break-even live

Break-even rent $1,063

Max offer price $120,000

Occupancy floor 91%

Sensitivity live

Price	-10% $114	-5% $80	+0% $46	+5% $12	+10% $-22
Rent	-10% $-43	-5% $2	+0% $46	+5% $90	+10% $135
Rate	-1.0pp $106	-0.5pp $77	base $46	+0.5pp $15	+1.0pp $-17

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
920 Gardenia St Amarillo, TX	3.0	1.0	1026	$950	$0.93	14d	1	0.40mi
2301 Seth Ln Amarillo, TX	1.0–3.0	1.0–2.0	869	$1,004	$1.15	1d	7	0.52mi
3811 NE 17th Ave Amarillo, TX	2.0	1.0	786	$895	$1.14	45d	1	1.15mi
2411 N Vernon St Amarillo, TX	3.0	1.0	926	$1,250	$1.35	45d	1	1.18mi
3606 NE 14th Ave Amarillo, TX	3.0	1.0	1088	$1,300	$1.19	15d	1	1.29mi
3810 Mesa Verde Dr Amarillo, TX	3.0	1.0	901	$1,200	$1.33	45d	1	1.48mi

Listing history 19 events

1. 2026-06-21
   days on market $120,000 Active 24 DOM
2. 2026-06-18
   days on market $120,000 Active 21 DOM
3. 2026-06-17
   days on market $120,000 Active 20 DOM
4. 2026-06-16
   days on market $120,000 Active 19 DOM
5. 2026-06-15
   days on market $120,000 Active 18 DOM
6. 2026-06-14
   days on market $120,000 Active 16 DOM
7. 2026-06-13
   days on market $120,000 Active 15 DOM
8. 2026-06-10
   days on market $120,000 Active 13 DOM
9. 2026-06-09
   days on market $120,000 Active 12 DOM
10. 2026-06-08
    days on market $120,000 Active 11 DOM
11. 2026-06-07
    days on market $120,000 Active 10 DOM
12. 2026-06-03
    days on market $120,000 Active 6 DOM
13. 2026-06-02
    days on market $120,000 Active 5 DOM
14. 2026-06-01
    days on market $120,000 Active 4 DOM
15. 2026-05-31
    days on market $120,000 Active 3 DOM
16. 2026-05-30
    days on market $120,000 Active 2 DOM
17. 2026-05-28
    listed $120,000 Active
18. 2019-01-29
    soldstatus
19. 2017-06-26
    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: $1,924 · $160/mo
• Projected year-2 tax: $2,196 · $183/mo
• Expected delta: +$272/yr (+$23/mo · 14.1%)

ⓘ 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 10/10 Extreme
• 🌡 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: $13,453
• − Mortgage interest: −$6,722
• − Property taxes: −$1,924
• − Insurance: −$600
• − Repairs & maintenance: −$1,076
• − Management: −$1,076
• − Depreciation: −$3,491
• Taxable loss: −$1,436
• Est. tax savings @ 24.0%: +$345
• After-tax cash flow: $897/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: Potter County · 72,216 people
• City population: 185,802
• Metro: Amarillo, TX
• Population (ZIP): 36,662
• Household income: $40,671
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 1019.0

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: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 45% Black 25% Two or more races 17% White 16% Asian 10%
• Hispanic origin (detail): Mexican 41%
• Common ancestry: Ukrainian 1% Lithuanian 1%
• Foreign-born: 27% · Canada, Philippines, Vietnam
• Languages at home: 50% English-only · Spanish 35% Other Asian/Pacific 7% Vietnamese 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: ▼ -57.01%
• Current HPI: 215.7976
• Rent YoY: —
• 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

3 events — show timeline

• 2026-05-28 Listed $120,000 AARMLS
• 2019-01-29 Sold (Public Records) — Public Records
• 2017-06-26 Sold (Public Records) — Public Records

Property tax history

+4.0%/yr

Latest (2025): $1,924 · -1.0% YoY. Source: county tax records.