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$222,000

1305 Ross Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,350 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.36 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range, Microwave
FlooringCarpet

Exterior

Lot Size5,566 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces2

Land Information

APNR350336
Land UseSingle Family Residential
Legal DescriptionBURGAMY PARK L 343
Census Tract000406
Assessed Land Value$35,000
Assessed Improvement Value$174,728
Assessment Year2025

About this property

Offering $10,000 in flex cash to welcome you home! This 1,300 square foot Dutch Traditional affordable new home welcomes you with captivating features like a brick and stone design with cedar accents, dutch gables, and columns framing a quaint front porch. This 3 bedroom, 2 bathroom open concept new home is perfect for hosting friends or cooking for the family featuring a dining nook, large kitchen peninsula, and a pantry. This quality new home is complete with a two-car garage, a master walk-in closet to fit his and her wardrobes, and a backyard with a covered patio for serene West Texas evenings. *Painted brick for is an optional add on*

Investor Tools

Property Icon
$222,000
Estimated Property Value
$0Estimated Mortgage Balance
$222,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,332 /month
Positive
Cash Flow Estimate:
$444 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$184/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,102
$209,728
2025
$35,000
$174,728
$209,728
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,102
$209,728

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$222,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
8.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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1305 Ross Ave | Property Details | No Agent List