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$175,000

NAL Estimated Property Value

13205 Avenue S, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,113 Sq Ft
price_per_sqft$155.34 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher

Exterior

Lot Size5,999 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces1

Land Information

APNR341009
Lot Number16840
SubdivisionBell Farms
Land UseResidential
Legal DescriptionBELL FARMS L 1684
Census Tract010512
Assessed Land Value$40,000
Assessed Improvement Value$131,963
Assessment Year2025

About this property

This cottage-style home offers first-time home buyers the opportunity to invest in a new home for less than the cost of rent. With 1,113 square feet of space, this affordable new home gives you more space than an apartment, a one-car garage, a front and backyard for your kiddos or pups, but most importantly, a new home to call your own. The April exterior welcomes you with included white vinyl trim, brick wainscot, tapered columns, and a cozy front porch. Bell Farms is a beautiful subdivision with 2.5 miles of walking trails, multiple parks and close access to all of south Lubbock amenities. Up to $12k + 5.99% interest rate if we close before 01/03/2024!

Investor Tools

Property Icon
$175,000
Estimated Property Value
$165,741Estimated Mortgage Balance
$9,259Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$343/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,236
$171,963
2025
$40,000
$131,963
$171,963
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,236
$171,963

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Fha
$167,183
Yes
First
Apr 5, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,741
$9,259
5%
95%
$1,034/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,034/mo
+$516/mo
10.6%

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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13205 Avenue S | Property Details | No Agent List