3503 Langtry Dr · Amarillo, TX 79109

$339,500

5 bd · 2.0 ba · 2,495 sqft · SingleFamily public records · 1 Days on market

Built 1971

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +3.9/30.0
• Rent growth +3.8/5.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• 1% rule +0.4/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this spacious five bedroom, two bathroom property nestled in the highly desirable Puckett neighborhood. Step inside to find a generously sized living space featuring a vaulted, beamed ceiling and a large bricked fireplace situated between built-in shelving. The kitchen offers abundant cabinet and countertop space and wonderful natural light from the large bay window. All FIVE bedrooms are generous in size and have roomy closets. Make your way outside to a beautifully maintained backyard featuring board-on-board privacy fencing. You will love the insulated workshop, complete with electricity and a loft for additional storage. Around on the side, raised irrigated garden beds. More

Key facts

• Built-in shelving
• Large bay window
• 2 garage spots

Tags

• VAULTED BEAMED CEILING
• LARGE BRICKED FIREPLACE
• BUILT-IN SHELVING
• ABUNDANT CABINET SPACE
• LARGE BAY WINDOW
• BOARD-ON-BOARD PRIVACY FENCING

Property features AI

Exterior

• Parking: Attached front-facing garage with automatic opener; Two garage spaces
• Security: Security system
• Utilities: Public water; Public sewer; Electric service
• Home design: Single-family residence; One level; Brick and frame construction
• Construction: Brick and frame construction; Slab foundation
• Exterior features: Wood fencing

Interior

• Kitchen: Disposal; Double oven; Cooktop; Dishwasher; Microwave
• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas central heating; Central electric cooling; Ceiling fans
• Interior features: Gas-log fireplace in the living room; Security system
• Laundry & utility: Gas water heater; Workshop and storage outbuildings

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $340k.

Deal economics

• At list price, monthly cash flow is $-966 ($-12k/yr) — negative.
• To cash-flow at today's rent, offer at most $169k (50.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (45.7% below list).
• Recommended offer: $169k (50.3% below list) — sets the bar for cash-flow.

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: Puckett El (math 62% / reading 62%, grade B, #321 of 4,322 statewide, top 8%, 344 students, 32% FRL); Crockett Middle (math 66% / reading 47%, grade B, #226 of 1,662 statewide, top 14%, 874 students, 44% FRL); Amarillo H S (math 55% / reading 64%, grade C+, #275 of 1,632 statewide, top 19%, 2,170 students, 34% FRL) — zoned schools average 36% FRL vs 58% district-wide (22 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 59% at this address vs 42% district-wide (+17 pts) — the actual schools serving this property are materially stronger than the Amarillo ISD average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.2%/yr); 157 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 45 units permitted in Randall County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($70k/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 $2k of loan paydown is wiped out by about $10k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $168,776 (50.3% 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. Built in 1971 — 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: 0.54% ✗
• Cap rate: 2.88%
• Cash-on-cash: -12.20%
• DSCR: 0.46
• GRM: 15.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.24% rent growth · sell at horizon

5-year hold

• IRR: -36.3%
• Equity multiple: -0.18×
• Total profit: $-112,240
• Equity at exit: $50,621

10-year hold

• IRR: -37.0%
• Equity multiple: -0.67×
• Total profit: $-158,430
• Equity at exit: $29,354

Cash invested: $95,060 (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 79109

• Rents YoY: 5.2%
• Active inventory: 157
• Price-to-rent: 15.3×

Monthly cashflow live

• Estimated rent: $1,845 medium
• Mortgage (P&I): −$1,780
• Tax from tax record: −$502 /mo · $6,022/yr
• Insurance: −$141
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $-966

Break-even live

Break-even rent $3,068

Max offer price $168,776

Occupancy floor —

Sensitivity live

Price	-10% $-774	-5% $-870	+0% $-966	+5% $-1,063	+10% $-1,159
Rent	-10% $-1,112	-5% $-1,039	+0% $-966	+5% $-894	+10% $-821
Rate	-1.0pp $-795	-0.5pp $-880	base $-966	+0.5pp $-1,054	+1.0pp $-1,144

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: $84,875
• Closing costs: $10,185
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1908 Kirkland Dr Amarillo, TX	4.0	2.0	1756	$2,000	$1.14	21d	1	1.32mi

Listing history 2 events

1. 2026-06-18
   remarks 699-char remark
2. 2026-06-18
   listed $339,500 Active 1 DOM

ⓘ 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: $6,022 · $502/mo
• Projected year-2 tax: $6,213 · $518/mo
• Expected delta: +$191/yr (+$16/mo · 3.2%)

ⓘ 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 2/10 Low
• 🌡 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: $22,135
• − Mortgage interest: −$19,017
• − Property taxes: −$6,022
• − Insurance: −$1,698
• − Repairs & maintenance: −$1,771
• − Management: −$1,771
• − Depreciation: −$9,876
• Taxable loss: −$18,020
• Est. tax savings @ 24.0%: +$4,325
• After-tax cash flow: $-7,272/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): 43,578
• Household income: $70,435
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 1640.0

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: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 19% Two or more races 12% Black 5%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 9% Other Indo-European 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: ▼ -227.95%
• Current HPI: 171.6795
• Rent YoY: ▲ 5.24%
• 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

2 events — show timeline

• 2026-06-16 Listed $339,500 AARMLS
• 2011-07-11 Sold (Public Records) — Public Records

Property tax history

+3.7%/yr

Latest (2025): $6,022 · +1.1% YoY. Source: county tax records.