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$481,000

NAL Estimated Property Value

12807 Elgin Ave, Lubbock, TX, 79423

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,565 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.06 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop, Electric Range, Indoor Grill, Microwave
FlooringCarpet, Tile

Exterior

Lot Size27,159 sqft

Building Information

Year Built2015
Roof Type105
Garage Spaces558

Land Information

APNR324966
Lot Number970
SubdivisionBella Mia Estates
Land UseResidential
Legal DescriptionBELLA MIA ESTATES L 97
Census Tract010512
Assessed Land Value$33,500
Assessed Improvement Value$405,872
Assessment Year2025

About this property

Looking for the perfect open concept 4/3/2 home in Lubbock-Cooper ISD situated on 1/2 acre for under $300,000? This home has everything you will want! Fall in love with the bright and beautiful kitchen that boasts white cabinets, granite countertops, a large breakfast bar, and tons of storage. This home features large bedrooms and walk in closets, double vanities in the master, granite countertops in each bathroom, and a bonus room that can be used as a playroom, dining room, or office. With 1/2 acre the backyard possibilities are endless-enough room to add a pool or a shop! Come take a look at this beauty today!

Investor Tools

Property Icon
$481,000
Estimated Property Value
$204,608Estimated Mortgage Balance
$276,392Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,886 /month
Positive
Cash Flow Estimate:
$962 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,131
$439,372
2025
$33,500
$405,872
$439,372
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,131
$439,372

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Conventional
$228,000
No
First
Jan 25, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,608
$276,392
57%
43%
$1,367/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$1,367/mo
+$453/mo
4.5%

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.

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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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12807 Elgin Ave | Property Details | No Agent List