$202,000
NAL Estimated Property Value13206 Sherman Ave, Lubbock, TX, 79423
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerMove-In Ready
Highlights
Interior
AppliancesDishwasher, Microwave
Exterior
Lot Size5,393 sqft
Building Information
Year Built2023
Roof Type105
Garage Spaces2
Land Information
APNR341031
Lot Number17060
SubdivisionBell Farms
Land UseResidential
Legal DescriptionBELL FARMS L 1706
Census Tract010512
Assessed Land Value$40,000
Assessed Improvement Value$161,785
Assessment Year2025
About this property
This new construction home in Cooper ISD has everything you need. With an open concept and a charming floor plan, it offers 3 bedrooms, 2 bathrooms, and a separate dining room. This quality new home is complete with a two-car garage, master walk-in closet ,a kitchen peninsula, and a front and back yard with a covered patio to enjoy the West Texas evenings. 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
$202,000
Estimated Property Value
$170,779Estimated Mortgage Balance
$31,221Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,212 /month
Positive
Cash Flow Estimate:
$404 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$437/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,233
$201,785
2025
$40,000
$161,785
$201,785
No
Tax History
Year
Tax Paid
Assessed Value
2024
$4,233
$201,785
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$178,600
No
First
Dec 28, 2023
Jan 2054
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$170,779
$31,221
15%
85%
$1,071/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,071/mo
+$479/mo
9.2%
