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$99,767

NAL Estimated Property Value

2002 62nd Street, Lubbock, TX

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,085 Sq Ft
price_per_sqft$53.92 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRange, Dishwasher, Free-Standing Gas Range, Free-Standing Range
FlooringCarpet, Tile

Exterior

Lot Size6,903 sqft

Building Information

Year Built1953
Roof Type105
Garage Spaces1

Land Information

APNR125667
Lot Number16
SubdivisionVandelia Village
Land UseResidential
Legal DescriptionVANDELIA VILLAGE BLK 6 L 16
Census Tract002207
Assessed Land Value$18,500
Assessed Improvement Value$81,267
Assessment Year2025

About this property

Just got rented for $850 on a 6 month leased!Cozy 3 bedroom house, located on a corner lot, great for first time home buyers or investors. Big backyard with extra storage/space.

Investor Tools

Property Icon
$99,767
Estimated Property Value
$86,753Estimated Mortgage Balance
$13,014Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$599 /month
Positive
Cash Flow Estimate:
$200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$197/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,868
$99,767
2025
$18,500
$81,267
$99,767
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,868
$99,767

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$95,000
No
First
Oct 29, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,753
$13,014
13%
87%
$570/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$570/mo
+$855/mo
17.1%

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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2002 62nd Street | Property Details | No Agent List