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$231,000

NAL Estimated Property Value

13704 Red Springs Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,677 Sq Ft
price_per_sqft$143.08 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

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, Vinyl

Exterior

Lot Size5,625 sqft

Building Information

Year Built2022
Roof Type105
Garage Spaces2

Land Information

APNR340628
Lot Number12030
SubdivisionBell Farms
Land UseResidential
Legal DescriptionBELL FARMS L 1203
Census Tract010512
Assessed Land Value$40,000
Assessed Improvement Value$180,400
Assessment Year2025

About this property

Welcome to your dream home! Built in 2022, this home has charming curb appeal, & a meticulously maintained front yard complete with sprinkler in both front & back. The exterior also features a new 10x20 ft shed with electricity. Step inside & you'll be greeted a spacious & open-concept living area that is perfect for entertaining. The heart of the home is the beautifully designed kitchen, featuring a large island that has ample counter space & a gathering point for friends & family. Three large bedrooms with spacious closets make this home comfortable for your family. Beyond the walls of your new home,you will find a vibrant family friendly neighborhood, with a park and playground close by, & easy access to shopping, dining,& the excellent schools in the Cooper ISD. Don't miss the opportunity to make this beautiful, move-in ready home your home sweet home! (the drapes in the girl's bedroom do not convey)

Investor Tools

Property Icon
$231,000
Estimated Property Value
$212,136Estimated Mortgage Balance
$18,864Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$458/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,345
$220,400
2025
$40,000
$180,400
$220,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,345
$220,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Conventional
$220,400
No
First
Apr 23, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$212,136
$18,864
8%
92%
$1,322/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,322/mo
+$228/mo
8.1%

City: Lubbock

13704 Red Springs Ave | Property Details | No Agent List