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$114,000

1109 E Stanford St, Lubbock, TX, 79403

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,008 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$42.41 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
AppliancesRange, Free-Standing Range
FlooringCarpet, Vinyl

Exterior

Lot Size8,220 sqft

Building Information

Year Built1934
Roof Type114

Land Information

APNR112473
Lot Number15
SubdivisionClayton Carter
Land UseResidential
Legal DescriptionCLAYTON CARTER BLK 14 L 15
Census Tract000100
Assessed Land Value$12,375
Assessed Improvement Value$69,093
Assessment Year2025

About this property

Nice 2/1 with an extra room that could serve as an office or third bedroom. House has been slightly redone and painted. Large storage room/laundry just off the kitchen. Storage shed needs some TLC. Large lot in a good area. Seller will consider owner financing. Please call for details.

Investor Tools

Property Icon
$114,000
Estimated Property Value
$63,000Estimated Mortgage Balance
$56,252Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$684 /month
Positive
Cash Flow Estimate:
$228 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$176/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,538
$81,468
2025
$12,375
$69,093
$81,468
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,538
$81,468

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Rate Financial Group
Conventional
$63,000
No
First
Dec 16, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,748
$56,252
49%
51%
$378/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$378/mo
+$639/mo
10.7%

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.

Explore Texas Explore This Area
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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1109 E Stanford St | Property Details | No Agent List