685 N Osage St · Amarillo, TX 79107

$109,950

3 bd · 1.0 ba · 938 sqft · SingleFamily public records · 17 Days on market

Built 1949 7,405 sqft lot $117/sqft · 72% above 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 +18.1/30.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• 1% rule +4.7/10.0
• 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

Charming and move-in ready, this well-maintained home at 685 N. Osage St offers comfort, convenience, and thoughtful updates throughout. Step inside to find a fresh, clean interior with all walls, baseboards, trim, and doors newly painted, creating a bright and inviting atmosphere. The kitchen comes equipped with a brand-new stainless steel range and refrigerator, making it perfect for everyday living and entertaining. The home features a functional layout with ample natural light and comfortable living spaces. Whether you're a first-time buyer or looking to add to your investment portfolio, this property offers great value and low-maintenance appeal. Located in an established Amarillo neig

Key facts

• Natural light
• Functional layout
• 7,405 sq ft lot

Tags

• STAINLESS STEEL RANGE
• STAINLESS STEEL REFRIGERATOR
• FUNCTIONAL LAYOUT
• NATURAL LIGHT
• ESTABLISHED NEIGHBORHOOD
• EASY ACCESS TO SCHOOLS

Property features AI

Finance

• Financial info: Listing is Real Estate Owned; Transaction type: For Sale
• HOA & community: No homeowners association

Exterior

• Parking: Driveway parking
• Utilities: City water; City sewer; No municipal utility district
• Home design: Single-family residence; Residential property; One story; Built in 1949; Not attached to other properties; No accessibility features indicated
• Construction: Built in 1949
• Exterior features: Lot smaller than 0.5 acre (approximately 0.17 acre); Subdivision: Ridgemere Sub; Directions available: Head toward N Philadelphia St, turn left onto N Osage St; destination on the right

Interior

• Kitchen: Electric range; Refrigerator; Kitchen area (approx. 16 x 10)
• Bedrooms: Primary bedroom on main level (approx. 11 x 15); Second bedroom on main level (approx. 10 x 11); Third bedroom on main level (approx. 14 x 10)
• Bathrooms: One full bathroom (approx. 5 x 6)
• Interior features: One-level layout; 6 total rooms; Living area includes one living room and one dining area; Interior described as 'Other'

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $98 ($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 $107k (2.6% below list).
• Recommended offer: $107k (2.6% 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: Belmar El (math 62% / reading 57%, grade B-, #409 of 4,322 statewide, top 10%, 360 students, 46% FRL).
• Zoned-school proficiency averages 60% 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: 120 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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 32% 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 $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 1949 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $107,141 (2.6% below list)

Questions for the listing agent

1. Built in 1949 — 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: 0.97% ✗
• Cap rate: 7.36%
• Cash-on-cash: 3.80%
• DSCR: 1.17
• GRM: 8.6

CMA / ARV

• ARV (median comp): $63,818
• List price: $109,950
• Delta: 72.29%
• Verdict: OVERPRICED
• Comps: 4 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2405 Sanborn St	0.21mi	3/1.0	918 (-2%)	20mo	$64,900	$71	70

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -10.3%
• Equity multiple: 0.62×
• Total profit: $-11,595
• Equity at exit: $16,394

10-year hold

• IRR: -1.0%
• Equity multiple: 0.93×
• Total profit: $-2,060
• Equity at exit: $9,506

Cash invested: $30,786 (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: 8.6×

Monthly cashflow live

• Estimated rent: $1,071 high
• Mortgage (P&I): −$577
• Tax from tax record: −$126 /mo · $1,518/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$225
• Net cashflow: $98

Break-even live

Break-even rent $948

Max offer price $109,950

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: $27,488
• Closing costs: $3,298
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2405 Rule St Amarillo, TX	2.0	1.0	720	$850	$1.18	43d	1	0.18mi
823 N Nelson St Amarillo, TX	2.0	1.0	1000	$900	$0.90	43d	1	0.40mi
1220 N Nelson St Amarillo, TX	2.0	1.0	550	$900	$1.64	20d	1	0.59mi
1819 Darden St Amarillo, TX	3.0	1.0	1114	$1,095	$0.98	43d	1	0.81mi
3606 NE 14th Ave Amarillo, TX	3.0	1.0	1088	$1,300	$1.19	13d	1	1.12mi
3411 NE 22nd Ave Amarillo, TX	3.0	1.0	982	$1,450	$1.48	13d	1	1.31mi
3811 NE 17th Ave Amarillo, TX	2.0	1.0	786	$895	$1.14	43d	1	1.34mi
901 S Roberts St Amarillo, TX	2.0	1.0	1068	$1,200	$1.12	43d	1	1.37mi
2904 N Mirror St Amarillo, TX	2.0	1.0	608	$1,050	$1.73	20d	1	1.48mi

Listing history 9 events

1. 2026-05-05
   listed $109,950 Active 1007-char remark
2. 2026-01-27
   soldstatus $341,766
3. 2025-02-17
   historical $1,175
4. 2025-02-13
   price $1,175
5. 2024-12-05
   listed $1,300
6. 2024-01-24
   historical $1,300
7. 2024-01-16
   listed $1,300
8. 2021-05-06
   soldstatus
9. 2006-09-05
   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: $1,518 · $126/mo
• Projected year-2 tax: $2,012 · $168/mo
• Expected delta: +$494/yr (+$41/mo · 32.6%)

ⓘ 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: $12,857
• − Mortgage interest: −$6,159
• − Property taxes: −$1,518
• − Insurance: −$550
• − Repairs & maintenance: −$1,029
• − Management: −$1,029
• − Depreciation: −$3,199
• Taxable loss: −$625
• Est. tax savings @ 24.0%: +$150
• After-tax cash flow: $1,320/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

+8357.7% since first listed

10 events — show timeline

• 2026-05-22 Pending — NTREIS
• 2026-05-05 Listed $109,950 NTREIS
• 2026-01-27 Sold (Public Records) $341,766 Public Records
• 2025-02-17 Rental Removed $1,175 BUILDIUM
• 2025-02-13 Price Changed $1,175 BUILDIUM
• 2024-12-05 Listed for Rent $1,300 BUILDIUM
• 2024-01-24 Rental Removed $1,300 AARMLS
• 2024-01-16 Listed for Rent $1,300 AARMLS
• 2021-05-06 Sold (Public Records) — Public Records
• 2006-09-05 Sold (Public Records) — Public Records

Property tax history

+4.7%/yr

Latest (2025): $1,518 · -7.6% YoY. Source: county tax records.