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$134,000

2009 46th Street, Lubbock, TX, 79412

$174,200 ARVInfo
On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,662 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$50.34 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Free-Standing Electric Range
FlooringCarpet, Concrete, Vinyl

Exterior

Exterior FeaturesNone
Lot Size9,938 sqft

Building Information

Year Built1952
Roof Type183

Land Information

APNR135294
Lot Number5
SubdivisionRidge Crest
Land UseResidential
Legal DescriptionRIDGE CREST BLK 2 L 5 & W15'OF 4
Census Tract002302
Assessed Land Value$23,500
Assessed Improvement Value$173,351
Assessment Year2025

About this property

Need lots of space at an affordable price? Able to make some repairs and put in some sweat equity? Large flat roofed home needs at least roof repair and possible replacement. Roof is currently not insured or insurable. Other minor updates needed include ceiling repairs, minor bathroom tiling in hall bath, and electrical panel (currently working but Federal Pacific brand). The house has 2575 square feet above ground and another 154 below ground. Home has four bedrooms, two baths with a two car attached carport out front. It has two living areas ,one with a fireplace, good sized kitchen, bonus room for office or formal dining room, and a cinder block cement basement. The home has double paned windows and vinyl siding and a huge yard! It is located close to park, schools, and restaurants. Make it your new home today!

Investor Tools

$104,467Estimated Mortgage Balance
$82,669Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$174,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,123 /month
Positive
Cash Flow Estimate:
$374 /month

Interested in this property?

Jeff Prather

Exit Realty of Lubbock

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$260/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,181
$187,136
2025
$23,500
$173,351
$196,851
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,181
$187,136

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Peoples Bank
Fha
$117,826
Yes
First
Jul 10, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,467
$82,669
44%
56%
$707/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$707/mo
+$965/mo
10.7%

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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2009 46th Street | Property Details | No Agent List