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$504,363

NAL Estimated Property Value

16909 County Road 2050, Lubbock, TX, 79423

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,282 Sq Ft
price_per_sqft$140.21 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Gas Range, Free-Standing Range, Microwave

Exterior

Lot Size1.11 acres

Building Information

Year Built2019
Roof Type105
Garage Spaces2

Land Information

APNR333352
Lot Number80
SubdivisionMagnolia Estates
Land UseResidential
Legal DescriptionMAGNOLIA ESTATES L 8
Census Tract010514
Assessed Land Value$60,000
Assessed Improvement Value$444,363
Assessment Year2025

About this property

Welcome to Magnolia Estates! Edge Homes Newest and Most Elaborate One-Acre Subdivision to date. Featuring Designer Upgrades and Finishes like you have Never Experienced Before~Edge Homes is Bringing Home some of The Latest Upgrades and Styles that will Make You Fall In Love! Breathtaking Color Schemes create the most Beautiful Spaces with just enough Color to keep it Classic and Functional. Magnolia Estate Lots are Moving VERY quickly~Allow Edge Homes to Build your Affordable Dream Home Today.

Investor Tools

Property Icon
$504,363
Estimated Property Value
$286,149Estimated Mortgage Balance
$218,214Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,026 /month
Positive
Cash Flow Estimate:
$1,009 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$887/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,121
$504,363
2025
$60,000
$444,363
$504,363
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,121
$504,363

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Fha
$310,846
Yes
First
Jun 7, 2019
Jul 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$286,149
$218,214
43%
57%
$1,975/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$1,975/mo
$-155/mo
4.3%

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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