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$38,000

1606 60th Street, Lubbock, TX, 79412

$49,400 ARVInfo
On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,250 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$30.4 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1

Exterior

Exterior FeaturesOther
Lot Size8,250 sqft

Building Information

Year Built1951
Roof Type105

Land Information

APNR123817
Lot Number90
SubdivisionVandelia Village
Land UseResidential
Legal DescriptionVANDELIA VILLAGE BLK 3 L 9
Census Tract002207
Assessed Land Value$18,500
Assessed Improvement Value$76,137
Assessment Year2025

About this property

3 bedroom 1 bathroom home on a quiet street. Home is great for an investor looking to remodel and sell or remodel and hold. For a home owner this is an awesome chance to pick up a home with good bones that needs tlc. Home is being sold as is.

Investor Tools

$35,950Estimated Mortgage Balance
$63,050Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$49,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$594 /month
Positive
Cash Flow Estimate:
$198 /month

Interested in this property?

Casey Klingensmith

Reside Real Estate Co.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$87/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$546
$90,141
2025
$18,500
$76,137
$94,637
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$546
$90,141

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Legacy Capital Llc
Seller Carryback / Seller Financing / Seller Take-Back
$54,600
No
First
Oct 27, 2011
Mar 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$35,950
$63,050
63%
36%
$328/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$328/mo
+$1,097/mo
17.3%

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.

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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