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$394,074

NAL Estimated Property Value

2003 22nd Street, Lubbock, TX, 79411

Off MarketInfo
Beds6 Beds
Baths6 Bath
Baths2,926 Sq Ft
DuplexDuplex
price_per_sqft$135 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 6Bathrooms Full 6
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Oven, Gas Range, Microwave

Exterior

Lot Size7,112 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces2

Land Information

APNR109340
SubdivisionMccrummen 2nd
Land UseResidential
Legal DescriptionMCCRUMMEN 2ND BLK 12 L 2
Census Tract001402
Assessed Land Value$25,000
Assessed Improvement Value$369,074
Assessment Year2025

About this property

Explore unparalleled investment potential with Robust Homes 'under construction brick Duplex situated across from Dupre elementary park. This great location offers not only a tranquil setting but also the convenience of being a mere 5 minutes away from Texas Tech University and the downtown area. Each side of this beautiful duplex boasts a spacious 3-bedroom layout, ensuring ample comfort and privacy. With an attached garage and 2 parking space providing parking ease. This Duplex seamlessly blend contemporary features with thoughtful functionality, creating a perfect place for both students and professionals alike. it is a great opportunity for savvy investors seeking properties around TTU and the downtown area. Don't miss the chance to secure a smart investment!

Investor Tools

Property Icon
$394,074
Estimated Property Value
$301,757Estimated Mortgage Balance
$92,317Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,370 /month
Positive
Cash Flow Estimate:
$790 /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
$400
$394,074
2025
$25,000
$369,074
$394,074
No

Tax History

Year
Tax Paid
Assessed Value
2024
$400
$394,074

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Heritage Lending Inc
Conventional
$312,000
No
First
Jul 12, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$301,757
$92,317
23%
77%
$1,871/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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2003 22nd Street | Property Details | No Agent List