$133,000
NAL Estimated Property Value2037 S Loop 289 2039, Lubbock, TX, 79423
$146,501 ARV
Off Market
Property Lead Type:
Off-Market ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher
Exterior
Lot Size3,074 sqft
Building Information
Year Built1983
Roof Type105
Land Information
APNR93942
Lot Number3875
SubdivisionBeverly Heights
Land UseResidential
Legal DescriptionBEVERLY HTS L 387-B
Census Tract002206
Assessed Land Value$10,000
Assessed Improvement Value$68,452
Assessment Year2025
About this property
Great Investment Property off of S. Loop 289! Two Connected Town Homes are Updated and Income Producing! Vinyl plank flooring in the Living Areas with Nice Brick Fireplaces. Semi-Open Kitchen, Dining and Living Area. 2 Bedrooms share California Bath with 2 Vanities and Large Walk-in Closets. Private, Fenced Yards. Easy Access to the Loop and I-27/HWY 84! Currently leasing at a total of $1,445.
Investor Tools
$133,000
Estimated Property Value
$127,604Estimated Mortgage Balance
$5,396Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$146,501
Rent-to-Value Ratio: 0.72%
Rent Estimate
$855 /month
Positive
Cash Flow Estimate:
$285 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$163/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,293
$78,452
2025
$10,000
$68,452
$78,452
No
Tax History
Year
Tax Paid
Assessed Value
2024
$1,293
$78,452
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Open End Mortgage / Open End With Future Advance Clause
$140,000
No
First
Sep 28, 2021
N/A
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$127,604
$5,396
4%
96%
$840/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,110/mo
$840/mo
+$270/mo
10.0%
