3 Bed 3 Bath in Amarillo, TX

Turnkey Subject to Deal in Amarillo, TX – Cash Flowing LTR

Discover this prime Subto investment opportunity in Amarillo, TX, featuring a spacious 3-bedroom, 3-bathroom home with 2,196 square feet of living space on 5.5 acres of land. This property is ideal for cash-flowing long-term rentals and offers attractive terms and conditions for savvy investors.

Property Details:

• Location: Amarillo, TX
• Bedrooms: 3
• Bathrooms: 3
• Living Space: 2,196 sq ft
• Lot Size: 5.5 acres
• Purchase Price: $308,652.94
• Remaining Mortgage Balance: $286,064.62
• Interest Rate: 4.75%
• PITI: $2,331/month
• HOA Fees: None
• Rental Restrictions: None
• Balloon Payment: None

Financial Details:

• Entry Fee: $35,054.32 (or best offer) + Closing Costs
• Earnest Money Deposit (EMD): $500
• Closing Date: July 29, 2024
• Title Company: Champion Title Company

Rental Projections:

• Long-Term Rental (LTR): $2,750+ per month (Zillow & Rentometer)
• Mid-Term Rental (MTR): $3,600 per month

Investment Highlights:

• Cash-Flowing Long-Term Rental: This property is ready to generate rental income immediately.
• Ample Living Space: With 3 bedrooms, 3 bathrooms, and 2,196 square feet, this home is perfect for families or multiple tenants.
• Large Lot: The property sits on 5.5 acres, offering plenty of space and potential for additional amenities or expansions.
• Favorable Financing Terms: With a 4.75% interest rate and no balloon payment, the mortgage terms are highly advantageous.
• Minimal Upfront Cost: Secure this property with an entry fee of $35,054.32 plus closing costs.

This turnkey property is ideal for investors seeking a solid, cash-flowing rental in a desirable location. The combination of a low-interest rate, no HOA fees, and no rental restrictions provides flexibility and profitability. The substantial lot size and ample living space further enhance its appeal, making it a versatile investment for various rental strategies.

Secure this lucrative investment opportunity with a $35,054.32 entry fee plus closing costs, and start generating consistent rental income. The favorable financing terms and strong rental projections make this property an excellent addition to any real estate portfolio.

Details

Property ID
SPSP-18612

Bedrooms
3

Bathrooms
3

Property Size
2196

Entry Cost ($)
35054

APR (%)
4.75

PITI ($)
2331

Balance ($)
286064