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$95,000

1506 45th St, Lubbock, TX, 79412

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,031 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$92.14 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Electric Oven
FlooringLuxury Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,800 sqft

Building Information

Year Built1961
Roof Type114
Garage Spaces1

Land Information

APNR58213
Lot Number600
SubdivisionBenhall Manor
Land UseResidential
Legal DescriptionBENHALL MANOR L 60
Census Tract002401
Assessed Land Value$18,500
Assessed Improvement Value$67,582
Assessment Year2025

About this property

Handyman/Investor Special with Incredible Potential! Bring your imagination and renovation ideas to this 3-bedroom, 1-bath home, built in 1961, located in an established South Lubbock neighborhood. Whether you're an investor looking for your next project or a buyer eager to create a home that's uniquely your own, this property offers an excellent opportunity to build equity through improvements. Inside, you'll find a functional floor plan ready for updating, while outside, the large backyard provides ample space for entertaining, gardening, pets, or future outdoor enhancements. A 1-car garage adds convenient parking and extra storage. The location is a standout feature! Enjoy being close to several neighborhood parks and just a short drive to South Plains Mall, University Medical Center, and Texas Tech University, providing easy access to shopping, dining, healthcare, and one of the area's premier universities. With its desirable location, generous lot, and unlimited renovation potential, 1504 45th St is the perfect canvas for your next investment or dream home project. Property Highlights: 3 Bedrooms 1 Full Bathroom Built in 1961 1-Car Garage Large Backyard Established Neighborhood Near Several Parks Minutes from South Plains Mall Convenient Access to University Medical Center Short Drive to Texas Tech University Excellent Investment or Renovation Opportunity Don't miss this chance to transform a classic Lubbock home into something truly special. Schedule your showing today!

Investor Tools

Property Icon
$86,082
Estimated Property Value
$85,914Estimated Mortgage Balance
$3,265Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$570 /month
Positive
Cash Flow Estimate:
$190 /month

Interested in this property?

Brian Doudera

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$163/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,523
$86,082
2025
$18,500
$67,582
$86,082
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,523
$86,082

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$85,914
Yes
First
Jan 5, 2023
Feb 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,817
$3,265
3%
96%
$532/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$532/mo
+$893/mo
19.9%

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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1506 45th St | Property Details | No Agent List