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$363,000

NAL Estimated Property Value

12112 N Fm 1264, Lubbock, TX, 79415

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,402 Sq Ft
price_per_sqft$95.75 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Microwave, Range
FlooringCarpet, Hardwood, Tile

Exterior

Lot Size10 acres

Building Information

Year Built1995
Roof Type105
Garage Spaces2

Land Information

APNR140448
Lot Number51000
Land UseResidential
Legal DescriptionBLK D SEC 33 AB 72 TR 10 OF SW/4 ACS: 10
Census Tract010201
Assessed Land Value$7,500
Assessed Improvement Value$277,436
Assessment Year2025

About this property

Looking for affordable country living? Enjoy 10 Acres with NO restrictions just a couple of miles outside the city in New Deal ISD. Enjoy watching the beautiful West Texas Sunrises on the back deck. Don't miss this 3/2/2 plus office. This home offers 2 large living areas and a brick fireplace. Kitchen features Saltillo tile & white painted cabinets and new counter tops. Large isolated master bedroom features air flow tub with separate shower & walk-in closet with access to the laundry room. Spacious secondary bedrooms with walk-in closets. Multiple Fenced pastures and live stock areas plus a storage building and half court basketball ready for your next family gathering. Don't miss this amazing opportunity!

Investor Tools

Property Icon
$363,000
Estimated Property Value
$70,169Estimated Mortgage Balance
$292,831Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,178 /month
Positive
Cash Flow Estimate:
$726 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$480/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,950
$284,936
2025
$7,500
$277,436
$284,936
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,950
$284,936

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Stand Alone Second / Subordinate Position
$74,000
No
First
Jul 24, 2023
Aug 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,169
$292,831
80%
19%
$444/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$444/mo
+$981/mo
4.7%

City: Lubbock

12112 N Fm 1264 | Property Details | No Agent List