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$189,000

NAL Estimated Property Value

1413 Elkhart Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,786 Sq Ft
price_per_sqft$100.22 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop, Microwave, Tankless Water Heater
FlooringTile

Exterior

Lot Size7,150 sqft

Building Information

Year Built1969
Roof Type105
Garage Spaces2

Land Information

APNR90687
Lot Number1800
SubdivisionTracy Heights
Land UseResidential
Legal DescriptionTRACY HEIGHTS L 180
Census Tract000402
Assessed Land Value$25,000
Assessed Improvement Value$143,370
Assessment Year2025

About this property

NEW CARPET! Wonderful 3/2/2 that will make for a very nice primary home or a great investment property. This home is close to LCU and just minutes from Texas Tech. This home offers a convenient floor plan with isolated master off the living room. There is a sunroom just off of the living room that offers a nice transition to a beautiful backyard that is perfect for entertaining. The water heater has been replaced with a tankless water heater. Shingles are less than a year old. Call today to schedule your tour.

Investor Tools

Property Icon
$189,000
Estimated Property Value
$116,982Estimated Mortgage Balance
$72,018Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,099
$168,370
2025
$25,000
$143,370
$168,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,099
$168,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$120,000
No
First
Dec 6, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$116,982
$72,018
38%
62%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$720/mo
+$920/mo
10.4%

City: Lubbock

1413 Elkhart Ave | Property Details | No Agent List