Last 24 Hours
$1,342,000
NAL Estimated Property Value16603 County Road 1950, Lubbock, TX, 79424
Off Market
4 Beds
4 Bath
4,039 Sq Ft
Built in 2024Highlights
Interior
Bedrooms 4
Bathrooms Full 4
Indoor Fireplace
Garage Available
Heating Central
CoolingExterior
Lot Size1.02 acres
Building Information
Year Built2024
Roof Type105
Garage Spaces1317
Land Information
APNR341746
Lot Number1380
SubdivisionSouth Fork Ranch
Land UseResidential
Legal DescriptionSOUTH FORK RANCH L 138
Census Tract010514
Assessed Land Value$70,000
Assessed Improvement Value$1,081,469
Assessment Year2025
About this property
Here is your chance to build your dream home on 1 acre in the beautiful South Fork Ranch subdivision. Let's bring your dream to reality, situated toward the end of the cul de sac you get the get the best of both worlds, peace and seclusion paired with the convenience of being close to town!
Investor Tools
$1,342,000
Estimated Property Value
$1,374,674Estimated Mortgage Balance
$1,342,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,052 /month
Positive
Cash Flow Estimate:
$2,684 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$648/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,067
$1,151,469
2025
$70,000
$1,081,469
$1,151,469
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,067
$1,151,469
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capra Bank
Building Or Construction Loan
$1,118,500
No
First
Feb 9, 2024
Feb 2025
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,374,674
N/A
0%
102%
$8,550/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$8,550/mo
$-6,860/mo
1.5%
12.4%