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$202,000

NAL Estimated Property Value

13816 Sherman Ave, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,352 Sq Ft
price_per_sqft$162.72 / sqft
Year BuiltBuilt in 2020

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, Disposal, Dishwasher, Microwave
FlooringCarpet, Tile

Exterior

Lot Size5,267 sqft

Building Information

Year Built2020
Roof Type112
Garage Spaces2

Land Information

APNR335997
Lot Number8140
SubdivisionBell Farms
Land UseResidential
Legal DescriptionBELL FARMS L 814
Census Tract010512
Assessed Land Value$40,000
Assessed Improvement Value$156,177
Assessment Year2025

About this property

This adorable 3/2/2 in the up and coming Bell Farms subdivision is ready for it's new owners! Located in the desirable Lubbock-Cooper school district on a cul-de-sac, this 2020 build showcases a modern cottage exterior with an open concept design. Upon entering the home, you'll notice the appealing flow of the floor-plan that opens to the living room followed by the kitchen and offset dining area. The second and third bedrooms are both great sized areas with a shared hall bathroom. This home also features an isolated master, ample natural lighting, and storage throughout making the layout both inviting and functional. The oversized, covered, back patio will be perfect for backyard gatherings and relaxing sunsets during the summers. The Bell Farms community features multiple parks & 2.5 miles of walking trails for all your outdoor needs. Welcome to your new home!

Investor Tools

Property Icon
$202,000
Estimated Property Value
$191,453Estimated Mortgage Balance
$10,547Estimated Equity
5% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$351/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,201
$196,177
2025
$40,000
$156,177
$196,177
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,201
$196,177

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Fha
$206,196
Yes
First
Jul 22, 2022
Aug 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,453
$10,547
5%
95%
$1,237/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,237/mo
+$313/mo
9.2%

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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13816 Sherman Ave | Property Details | No Agent List