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$176,000

NAL Estimated Property Value

1504 Elkhart Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,539 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.71 / 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, Dishwasher, Electric Cooktop, Microwave
FlooringVinyl

Exterior

Lot Size7,200 sqft

Building Information

Year Built1969
Roof Type105
Garage Spaces2

Land Information

APNR91972
Lot Number2270
SubdivisionTracy Heights
Land UseResidential
Legal DescriptionTRACY HEIGHTS L 227 LESS SW5'& NE5'
Census Tract000402
Assessed Land Value$25,000
Assessed Improvement Value$140,755
Assessment Year2025

About this property

Perfect family home located near LCU. This 3 bed, 2 bath house has lots of closet storage and a large living room with beautiful brick fireplace. Both bathrooms have granite countertops and updated tile. The backyard is spacious and perfect for kids and pets. A perfect starter home for any family. Schedule a showing today!

Investor Tools

Property Icon
$176,000
Estimated Property Value
$112,418Estimated Mortgage Balance
$63,582Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,056 /month
Positive
Cash Flow Estimate:
$352 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$274/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,413
$165,755
2025
$25,000
$140,755
$165,755
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,413
$165,755

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$120,000
No
First
Dec 2, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$112,418
$63,582
36%
64%
$720/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$720/mo
+$920/mo
11.2%

City: Lubbock

1504 Elkhart Ave | Property Details | No Agent List