$91,000
NAL Estimated Property Value119 Vernon Ave, Lubbock, TX, 79415
Off Market
Property Lead Type:
Absentee OwnerHigh EquityMove-In Ready
Highlights
Interior
Exterior
Exterior FeaturesNone
Lot Size6,375 sqft
Building Information
Year Built1941
Roof Type105
Land Information
APNR52430
Lot Number15
SubdivisionHarder Sub (R & Mc)
Land UseResidential
Legal DescriptionHARDER SUB BLK 43 L 15
Census Tract000202
Assessed Land Value$1,500
Assessed Improvement Value$65,589
Assessment Year2025
About this property
Welcome to this freshly updated home, offering crisp curb appeal with a fresh exterior paint scheme and inviting covered porch. Inside, you'll find a light and airy layout featuring updated flooring throughout, neutral paint, and modern ceiling fans in the bedrooms. A dedicated laundry room and additional flex space provide functional versatility for storage, a mudroom, or even a small office nook. This home is move-in ready and packed with potential! Schedule your showing today!
Investor Tools
$91,000
Estimated Property Value
$53,364Estimated Mortgage Balance
$37,636Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$546 /month
Positive
Cash Flow Estimate:
$182 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$71/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$391
$67,089
2025
$1,500
$65,589
$67,089
No
Tax History
Year
Tax Paid
Assessed Value
2024
$391
$67,089
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Maverick Bank
Unknown
$55,000
No
First
Sep 11, 2024
Sep 2039
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,364
$37,636
41%
59%
$330/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$330/mo
+$687/mo
13.4%
