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$261,711

NAL Estimated Property Value

10405 Iola Ave, Lubbock, TX, 79424

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,615 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$117.65 / sqft
Year BuiltBuilt in 2013

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 Electric Range, Free-Standing Range, Microwave
FlooringCarpet, Tile

Exterior

Lot Size7,130 sqft

Building Information

Year Built2013
Roof Type105
Garage Spaces2

Land Information

APNR322955
Lot Number3460
SubdivisionLakewood Estates
Land UseResidential
Legal DescriptionLAKEWOOD ESTATES L 346
Census Tract010421
Assessed Land Value$38,000
Assessed Improvement Value$223,711
Assessment Year2025

About this property

Adorable 10+++ home in Southwest Lubbock! 3/2/2 open concept living, dining, kitchen layout and built in 2013! Kitchen has granite countertops, TONS of stained cabinets and counter prep space! The 2 guest rooms are well sized and one offers extra space for an office, home gym, nursery, play area ~ whatever you need it for. The master bedroom is spacious enough for the largest of king sized furniture and overlooks the outdoor living area. The master bath is complete with separate tub and tiled shower, two sinks and a large walk in closet. Be sure to see the backyard complete with large covered porch, pathways, fenced dog run, sod/ sprinkler, well manicured landscaping.A perfect spot for entertaining friends and family on a beautiful West Texas Fall days. This home will not be the market long; make this home your home before someone else does!

Investor Tools

Property Icon
$261,711
Estimated Property Value
$254,459Estimated Mortgage Balance
$7,252Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,570 /month
Positive
Cash Flow Estimate:
$523 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$434/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,902
$261,711
2025
$38,000
$223,711
$261,711
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,902
$261,711

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amarillo National Bank
Fha
$258,236
Yes
First
Jul 3, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$254,459
$7,252
2%
97%
$1,549/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$1,549/mo
$-109/mo
6.6%

City: Lubbock

10405 Iola Ave | Property Details | No Agent List