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$115,000

1516 E Ursuline Street, UNIT 2, Lubbock, TX, 79403

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,172 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$98.12 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesNone
Lot Size5,480 sqft

Building Information

Year Built2017
Roof Type105
Garage Spaces1

Land Information

APNR330390
Lot Number20
SubdivisionClayton Carter
Land UseResidential
Legal DescriptionCLAYTON CARTER BLK 1 W20' OF L 1 & E 20' OF L 2
Census Tract000100
Assessed Land Value$12,375
Assessed Improvement Value$97,340
Assessment Year2025

About this property

Investor opportunity! Income-producing properties with long-term tenants already in place, available for purchase individually or together as a package. These established rentals generate strong monthly income and meet the 1% rule, offering immediate cash flow from day one. One of the properties also features newer HVAC system. Properties are being sold as-is and are ideal for investor buyers looking to add established, tenant-occupied rentals to their investment holdings.

Investor Tools

Property Icon
$128,000
Estimated Property Value
$0Estimated Mortgage Balance
$37,502Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$768 /month
Positive
Cash Flow Estimate:
$256 /month

Interested in this property?

Stacey Rogers

Keller Williams Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$215/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,941
$109,715
2025
$12,375
$97,340
$109,715
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,941
$109,715

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$94,800
No
First
Jan 8, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$90,498
$37,502
29%
71%
$569/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$569/mo
+$856/mo
13.4%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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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1516 E Ursuline Street, UNIT 2 | Property Details | No Agent List