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$302,000

NAL Estimated Property Value

1740 Pheasant Rd, Lubbock, TX, 79407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,061 Sq Ft
price_per_sqft$94.61 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Double Oven, Range
FlooringLaminate

Exterior

Lot Size10.47 acres

Building Information

Garage Spaces2

Land Information

APN26223
Land UseAgriculture / Farming
Legal DescriptionWESTWINDS II SMYER, TR 17, ACRES 10.470
Census Tract950200
Assessed Land Value$25,290
Assessed Improvement Value$261,750
Assessment Year2025

About this property

Country living with convenient access to Lubbock! Brick home with metal siding & roof! Low maintenance exterior. Windows replaced in 2014. Open & spacious living room with wood beams on ceiling is a perfect place for family and entertaining friends. Nice horse barn. Storm seller. 10 acres to roam & play! Home has a beautiful bay window in the large living room. Spacious rooms!

Investor Tools

Property Icon
$302,000
Estimated Property Value
$269,750Estimated Mortgage Balance
$32,250Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,812 /month
Positive
Cash Flow Estimate:
$604 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$321/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,337
$287,040
2025
$25,290
$261,750
$287,040
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,337
$287,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Fha
$279,354
Yes
First
Jun 13, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,750
$32,250
10%
89%
$1,675/mo

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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1740 Pheasant Rd | Property Details | No Agent List