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$203,000

1931 S Loop 289, Lubbock, TX, 79423

Off MarketInfo
Beds6 Beds
Baths4 Bath
Baths2,242 Sq Ft
DuplexDuplex
price_per_sqft$95.9 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range

Exterior

Lot Size6,098 sqft

Building Information

Year Built1996
Garage Spaces2

Land Information

APNR86352
Lot Number4000
SubdivisionBeverly Heights
Land UseResidential
Legal DescriptionBEVERLY HTS L 400-A & 400-B
Census Tract002206
Assessed Land Value$18,000
Assessed Improvement Value$139,460
Assessment Year2025

About this property

Wonderful Investment Opportunity! Very Spacious Floor Plan * Open Living Area, Dining Area, & Great Kitchen * Spacious Master Bedroom Has Its Own Private Bathroom & 2 Closets * 2 Great Additional Bedrooms and Convenient Hall Bathroom * Fenced Backyard * Many Fine Details Including Hard Surface Flooring * Located & Taxed In Lubbock ISD School District!

Investor Tools

Property Icon
$203,000
Estimated Property Value
$159,000Estimated Mortgage Balance
$51,722Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$326/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,900
$157,460
2025
$18,000
$139,460
$157,460
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,900
$157,460

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Open End Mortgage / Open End With Future Advance Clause
$159,000
No
First
Sep 27, 2023
Sep 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,278
$51,722
25%
75%
$954/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$954/mo
+$596/mo
9.2%

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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1931 S Loop 289 | Property Details | No Agent List