4007 Parker St · Amarillo, TX 79110

$134,900

2 bd · 1.0 ba · 1,166 sqft · SingleFamily public records · 142 Days on market

Built 1950 7,200 sqft lot $116/sqft · 21% below area Est $171k · 21% under ↓ 5% since listing

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Why this score? — see what drove the C 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 +17.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.3/10.0
• DSCR +5.3/10.0
• 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

New roof shingles just installed on home and detached garage/shop. This 2 bedroom home features 2 living areas and a detached oversized 2 garage or workshop. Remodeling and updating has been started. Central heat and air, updated storm windows and a new water heater. Seller is not completing the updates and this is an estate sale so home is being SOLD AS IS but has so much to offer for the price.

Key facts

• New roof shingles
• Central heat and air
• 7,200 sq ft lot

Tags

• DETACHED OVERSIZED GARAGE
• CENTRAL HEAT AND AIR
• UPDATED STORM WINDOWS
• NEW ROOF SHINGLES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $91 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $119k (12.0% 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; 26 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 $933 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 142 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $8k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 142 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.03% ✓
• Cap rate: 7.10%
• Cash-on-cash: 2.89%
• DSCR: 1.13
• GRM: 8.1

CMA / ARV

• ARV (median comp): $171,388
• List price: $134,900
• Delta: -21.29%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -8.1%
• Equity multiple: 0.69×
• Total profit: $-11,636
• Equity at exit: $20,114

10-year hold

• IRR: 5.2%
• Equity multiple: 1.44×
• Total profit: $16,664
• Equity at exit: $11,664

Cash invested: $37,772 (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: 8.1×

Monthly cashflow live

• Estimated rent: $1,386 high
• Mortgage (P&I): −$707
• Tax from tax record: −$240 /mo · $2,880/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $91

Break-even live

Break-even rent $1,270

Max offer price $134,900

Occupancy floor 88%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4108 Crockett St Amarillo, TX	3.0	1.0	1373	$1,525	$1.11	43d	1	0.24mi
3813 S Washington St Unit B Amarillo, TX	2.0	2.0	954	$1,050	$1.10	43d	1	0.39mi
4316 S Hayden St Amarillo, TX	3.0	1.5	1356	$1,650	$1.22	43d	1	0.46mi
3703 S Monroe St Amarillo, TX	2.0	1.0	750	$1,100	$1.47	20d	1	0.50mi
4308 S Jackson St Amarillo, TX	3.0	1.0	1302	$1,490	$1.14	20d	1	0.65mi
4205 S Tyler St Amarillo, TX	2.0	1.0	852	$925	$1.09	43d	1	0.75mi
4615 S Lipscomb St Amarillo, TX	3.0	2.0	1168	$1,000	$0.86	13d	1	0.77mi
4620 S Hayden St Amarillo, TX	3.0	1.0	1036	$1,475	$1.42	20d	1	0.78mi
4623 Crockett St Amarillo, TX	2.0	1.0	720	$1,100	$1.53	20d	1	0.82mi
3205 S Tyler St Amarillo, TX	3.0	1.0	1381	$1,475	$1.07	13d	1	0.91mi
2809 Duncan Dr Unit B- 1 Amarillo, TX	1.0	1.0	825	$695	$0.84	43d	1	0.95mi
3001 Curtis Dr Unit A Amarillo, TX	2.0	1.0	713	$1,100	$1.54	20d	1	1.01mi
3007 Curtis Dr Unit B Amarillo, TX	2.0	1.0	750	$950	$1.27	43d	1	1.03mi
3005 SW 28th Ave Unit C Amarillo, TX	3.0	2.0	1480	$1,700	$1.15	13d	1	1.13mi
3019 W 28th Ave Amarillo, TX	1.0–2.0	1.0–2.0	795	$775	$0.97	43d	1	1.18mi
3003 SW 27th Ave Amarillo, TX	2.0	1.5	808	$895	$1.11	13d	1	1.19mi
2030 Crockett St Amarillo, TX	3.0	1.5	1307	$1,750	$1.34	13d	1	1.27mi
2104 S Travis St Amarillo, TX	3.0	1.0	1236	$1,700	$1.38	20d	1	1.28mi
2103 Parker St Amarillo, TX	3.0	2.0	1306	$2,300	$1.76	20d	1	1.29mi
3110 SW 27th Ave Amarillo, TX	3.0	2.0	1470	$1,482	$1.01	20d	1	1.32mi
3110 SW 27th Ave Amarillo, TX	1.0–3.0	1.0–2.0	1085	$1,217	$1.12	13d	3	1.32mi
608 Lochridge Amarillo, TX	3.0	2.0	1455	$1,900	$1.31	43d	1	1.43mi
3719 Julie Dr Amarillo, TX	3.0	2.0	1455	$1,675	$1.15	13d	1	1.43mi
4109 Tucson Dr Amarillo, TX	3.0	2.0	1395	$1,950	$1.40	20d	1	1.43mi
5315 Allen St Amarillo, TX	3.0	1.0	891	$1,200	$1.35	20d	1	1.47mi
307 Mikeska St Amarillo, TX	3.0	2.0	1250	$1,800	$1.44	20d	1	1.50mi

Listing history 21 events

1. 2026-06-18
   days on market $134,900 Active 142 DOM
2. 2026-06-17
   days on market $134,900 Active 141 DOM
3. 2026-06-16
   days on market $134,900 Active 140 DOM
4. 2026-06-15
   days on market $134,900 Active 139 DOM
5. 2026-06-14
   days on market $134,900 Active 137 DOM
6. 2026-06-13
   days on market $134,900 Active 136 DOM
7. 2026-06-10
   days on market $134,900 Active 134 DOM
8. 2026-06-09
   days on market $134,900 Active 133 DOM
9. 2026-06-08
   days on market $134,900 Active 132 DOM
10. 2026-06-07
    remarks 433-char remark
11. 2026-06-07
    days on market $134,900 Active 131 DOM
12. 2026-06-03
    days on market $134,900 Active 127 DOM
13. 2026-06-02
    days on market $134,900 Active 126 DOM
14. 2026-06-01
    days on market $134,900 Active 125 DOM
15. 2026-05-31
    days on market $134,900 Active 124 DOM
16. 2026-05-30
    days on market $134,900 Active 123 DOM
17. 2026-05-14
    status Active 400-char remark

    Show marketing remark (400 chars)

    New roof shingles just installed on home and detached garage/shop. This 2 bedroom home features 2 living areas and a detached oversized 2 garage or workshop. Remodeling and updating has been started. Central heat and air, updated storm windows and a new water heater. Seller is not completing the updates and this is an estate sale so home is being SOLD AS IS but has so much to offer for the price.

18. 2026-05-04
    historical Active Under Contract 400-char remark

    Show marketing remark (400 chars)

    New roof shingles just installed on home and detached garage/shop. This 2 bedroom home features 2 living areas and a detached oversized 2 garage or workshop. Remodeling and updating has been started. Central heat and air, updated storm windows and a new water heater. Seller is not completing the updates and this is an estate sale so home is being SOLD AS IS but has so much to offer for the price.

19. 2026-04-02
    price $134,900 400-char remark

    Show marketing remark (400 chars)

    New roof shingles just installed on home and detached garage/shop. This 2 bedroom home features 2 living areas and a detached oversized 2 garage or workshop. Remodeling and updating has been started. Central heat and air, updated storm windows and a new water heater. Seller is not completing the updates and this is an estate sale so home is being SOLD AS IS but has so much to offer for the price.

20. 2026-03-08
    price $139,500 400-char remark

    Show marketing remark (400 chars)

    New roof shingles just installed on home and detached garage/shop. This 2 bedroom home features 2 living areas and a detached oversized 2 garage or workshop. Remodeling and updating has been started. Central heat and air, updated storm windows and a new water heater. Seller is not completing the updates and this is an estate sale so home is being SOLD AS IS but has so much to offer for the price.

21. 2026-01-26
    listed $142,500 Active 400-char remark

    Show marketing remark (400 chars)

    New roof shingles just installed on home and detached garage/shop. This 2 bedroom home features 2 living areas and a detached oversized 2 garage or workshop. Remodeling and updating has been started. Central heat and air, updated storm windows and a new water heater. Seller is not completing the updates and this is an estate sale so home is being SOLD AS IS but has so much to offer for the price.

ⓘ 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: $2,880 · $240/mo
• Projected year-2 tax: $2,880 · $240/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 8/10 Severe
• 🌡 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: $16,627
• − Mortgage interest: −$7,556
• − Property taxes: −$2,880
• − Insurance: −$674
• − Repairs & maintenance: −$1,330
• − Management: −$1,330
• − Depreciation: −$3,924
• Taxable loss: −$1,069
• Est. tax savings @ 24.0%: +$257
• After-tax cash flow: $1,348/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

-5.3% since first listed

5 events — show timeline

• 2026-05-14 Relisted — AARMLS
• 2026-05-04 Contingent — AARMLS
• 2026-04-02 Price Changed $134,900 AARMLS
• 2026-03-08 Price Changed $139,500 AARMLS
• 2026-01-26 Listed $142,500 AARMLS

Property tax history

+4.5%/yr

Latest (2025): $2,880 · +7.0% YoY. Source: county tax records.