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$111,000

NAL Estimated Property Value

1509 E Rice St, Lubbock, TX, 79403

$126,676 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,191 Sq Ft
price_per_sqft$28.97 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
FlooringHardwood

Exterior

Lot Size7,680 sqft

Building Information

Year Built1952
Roof Type114

Land Information

APNR114051
Lot Number14
SubdivisionCarter Coffey
Land UseResidential
Legal DescriptionCARTER COFFEY BLK 17 L 14
Census Tract000100
Assessed Land Value$12,375
Assessed Improvement Value$47,406
Assessment Year2025

About this property

Great investment opportunity! This property features 3 bedrooms, 2 bathrooms and a Bonus Room with tons of potential. The property is being sold as is.

Investor Tools

Property Icon
$111,000
Estimated Property Value
$20,961Estimated Mortgage Balance
$90,039Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$126,675
Rent-to-Value Ratio: 0.72%
Rent Estimate
$666 /month
Positive
Cash Flow Estimate:
$222 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$170/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,486
$59,781
2025
$12,375
$47,406
$59,781
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,486
$59,781

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Unknown
$24,800
No
First
Sep 7, 2018
Sep 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$20,961
$90,039
81%
19%
$149/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$149/mo
+$1,276/mo
15.4%

City: Lubbock

1509 E Rice St | Property Details | No Agent List