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$200,000

13815 Red Springs Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,352 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.53 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

Lot Size5,108 sqft

Building Information

Year Built2020
Roof Type105
Garage Spaces2

Land Information

APNR336042
Lot Number8590
SubdivisionBell Farms
Land UseResidential
Legal DescriptionBELL FARMS L 859
Census Tract010512
Assessed Land Value$40,000
Assessed Improvement Value$156,177
Assessment Year2025

About this property

Don't miss this 3/2/2 2021 build in Bell Farms and the coveted Cooper ISD! This brick home with limestone accents is conveniently located on a quiet cul-de-sac. An open concept kitchen, living and dining make this little charmer feel spacious. Dark granite counters, stainless steel appliances and a huge island make this home perfect for entertaining. The master suite features beautiful granite and a huge walk-in closet. This home has bonuses for days! Come see it now, before it's gone tomorrow!

Investor Tools

Property Icon
$200,000
Estimated Property Value
$182,453Estimated Mortgage Balance
$25,782Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$398/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,771
$196,177
2025
$40,000
$156,177
$196,177
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,771
$196,177

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Fha
$182,453
Yes
First
Nov 9, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$174,218
$25,782
12%
87%
$1,139/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,139/mo
+$411/mo
9.3%

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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13815 Red Springs Ave | Property Details | No Agent List