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B+
NoAgentList RatingHow are grades calculated? Info

$251,311

1321 Ross Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,645 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$148.94 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Exterior

Lot Size5,448 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces2

Land Information

APNR350344
Land UseSingle Family Residential
Legal DescriptionBURGAMY PARK L 351
Census Tract000406
Assessed Land Value$35,000
Assessed Improvement Value$216,311
Assessment Year2025

About this property

Make this beautiful home yours with $10k in flex cash! This 1,645 square foot affordable new home is your first step to investing in your future. The Rosa exterior welcomes you with a covered front porch, signature brick arches, and an open concept floor plan inside with 3 bedrooms and 2 bathrooms. This quality new home is complete with a two-car garage, a corner fireplace, a master walk-in closet, a kitchen island for cooking and entertaining, and a front and back yard with a covered patio to enjoy West Texas sunsets. *Some regions may not include a chimney, and is not an option, if fireplace is connected to natural gas. *Painted brick available as an upgrade to our Rosa floor plan.

Investor Tools

Property Icon
$251,311
Estimated Property Value
$0Estimated Mortgage Balance
$251,311Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,508 /month
Positive
Cash Flow Estimate:
$503 /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
$957
$251,311
2025
$35,000
$216,311
$251,311
No

Tax History

Year
Tax Paid
Assessed Value
2024
$957
$251,311

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$251,311
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
7.8%

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.

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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1321 Ross Ave | Property Details | No Agent List