$350,000
NAL Estimated Property Value1405 N County Road 1450, Lubbock, TX
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
Exterior
Lot Size3.44 acres
Building Information
Year Built1941
Roof Type105
Garage Spaces2
Land Information
APNR144951
Lot Number2225
SubdivisionCarlisle Acres
Land UseResidential
Legal DescriptionCARLISLE ACS TR 22 D
Census Tract010416
Assessed Land Value$48,146
Assessed Improvement Value$272,525
Assessment Year2025
About this property
Come see what this property has to offer! The sale includes two homes, about 4.5 acres, and an open faced 8 stall barn with a tack room. Many updates done to the main house and the well and septic system have been serviced within the past few years. Perfect property for somebody needing a second home close by for family, or somebody wanting an income producing property right next door. The second home does need quite a bit of work, but everything works and it is definitely livable to some.
Investor Tools
$350,000
Estimated Property Value
$243,909Estimated Mortgage Balance
$106,091Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$572/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,112
$320,671
2025
$48,146
$272,525
$320,671
No
Tax History
Year
Tax Paid
Assessed Value
2024
$5,112
$320,671
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebridge Financial Services Inc
Conventional
$259,000
No
First
Mar 13, 2023
Apr 2053
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,909
$106,091
30%
70%
$1,553/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,553/mo
+$87/mo
5.6%
