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$255,000

NAL Estimated Property Value

10307 Vernon Dr, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths7,716 Sq Ft
price_per_sqft$125.06 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOther
FlooringCarpet, Combination, Tile, Vinyl, Other, See Remarks

Exterior

Exterior FeaturesFire Pit, Lighting, Outdoor Grill, Private Entrance, Private Yard, Other
Lot Size5,750 sqft

Building Information

Year Built2017
Roof Type105
Garage Spaces4

Land Information

APNR326130
Lot Number2740
SubdivisionFox Ridge
Land UseResidential
Legal DescriptionFOX RIDGE L 274
Census Tract010511
Assessed Land Value$27,025
Assessed Improvement Value$203,463
Assessment Year2025

About this property

**Please read carefully!! I had to use one address to enter the package listing. bed/bath/garage/sqft count is for all 4 properties combined. Package to be sold as a whole** Turnkey 4-Property Investment Package - High Cash Flow & Long-Term Appreciation! Seize this opportunity to own a well-balanced 4-property investment package in Lubbock, TX! Designed for both strong immediate cash flow and long-term equity growth, this portfolio includes two high-earning, fully remodeled properties in the Heart of Lubbock and two appreciating assets in the desirable Fox Ridge neighborhood.  Asking Price: $965,000  Gross Monthly Income: $8,700 Heart of Lubbock - High Cash Flow  2104 20th St. - 4 Bed | 2 Bath | 1,796 sq ft | $2,000/month (Leased through July 2025) Fully remodeled 1943 home with modern upgrades. Prime location near Texas Tech & local hotspots.  2114 21st St. - Duplex - FULL GUT REMODEL Unit A: 2 Bed | 2 Bath | 1,064 sq ft | $1,250/month (Leased through July 2026) Unit B: 3 Bed | 3 Bath | 1,326 sq ft | $1,600/month (Leased through May 2026) Updated from top to bottom, tenants pay all utilities. Fox Ridge - Appreciation & Stability  2316 101st St. - 4 Bed | 2 Bath | 2-Car Garage | 1,775 sq ft | $2,000/month (Leased through March 2026) Built in 2008 & fully remodeled, ideal for long-term appreciation.  10307 Vernon Ave. - 3 Bed | 2 Bath | 2-Car Garage | 1,755 sq ft | $1,850/month (Leased through April 2026) 2018-built home with tasteful upgrades in a sought-after neighborhood. All properties are 100% leased with strong tenants covering utilities. Whether you're looking for immediate rental income, future appreciation, or a mix of both, this portfolio delivers. Invest in Lubbock's thriving market today! **Please reach out for any questions/clarification, as there is a lot of information packed into the listing!! I do have more photos, but could only display so many**

Investor Tools

Property Icon
$255,000
Estimated Property Value
$186,988Estimated Mortgage Balance
$68,012Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,790 /month
Positive
Cash Flow Estimate:
$1,930 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$545/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,270
$230,488
2025
$27,025
$203,463
$230,488
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,270
$230,488

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primary Residential Mortgage Inc
Conventional
$210,900
No
First
Jul 30, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$186,988
$68,012
26%
73%
$1,265/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,265/mo
+$285/mo
7.3%

City: Lubbock

10307 Vernon Dr | Property Details | No Agent List