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$278,000

NAL Estimated Property Value

10215 Homestead Ave, Lubbock, TX, 79424

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,862 Sq Ft
price_per_sqft$139.63 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Gas Range, Free-Standing Range, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size8,300 sqft

Building Information

Year Built2006
Roof Type105
Garage Spaces2

Land Information

APNR305561
Lot Number2240
SubdivisionLakewood Estates
Land UseResidential
Legal DescriptionLAKEWOOD ESTATES L 224
Census Tract010421
Assessed Land Value$24,000
Assessed Improvement Value$232,017
Assessment Year2025

About this property

***Brand new countertops/backsplash/fixtures in the kitchen and new tile floors in the master suite added 4-2024.*** Charming home in an established neighborhood, steps from Lubbock-Cooper Elementary! SPEC Electric! Well-maintained, this home offers a versatile canvas for your new journey. The chef's kitchen boasts a gas stove, fridge, pantry, and a convenient island. Enjoy family time in the cozy living room with a corner fireplace, stylish vinyl plank flooring, and abundant natural light. The massive master suite features double sinks, a separate tub/shower, and an enormous closet. In addition, the ample secondary bedrooms provide comfortable spaces for rest and relaxation. The expansive backyard with a covered patio and storage shed is perfect for play. Make this wonderful place YOUR home today!

Investor Tools

Property Icon
$278,000
Estimated Property Value
$178,926Estimated Mortgage Balance
$99,074Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,668 /month
Positive
Cash Flow Estimate:
$556 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$467/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,215
$256,017
2025
$24,000
$232,017
$256,017
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,215
$256,017

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Conventional
$185,000
No
First
Jul 26, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$178,926
$99,074
35%
64%
$1,110/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$1,110/mo
+$330/mo
6.2%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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10215 Homestead Ave | Property Details | No Agent List