Last 24 Hours
$139,000
NAL Estimated Property Value2103 38th St, Lubbock, TX, 79412
Off Market
1 Beds
1 Bath
1,280 Sq Ft
$93.75 / sqft
Built in 1956Property Lead Type:
Off-Market ListAbsentee Owner
Highlights
Interior
Bedrooms 1
Bathrooms Full 2
Heating
CoolingAppliancesMicrowave, Refrigerator
Exterior
Lot Size7,950 sqft
Building Information
Year Built1956
Roof Type114
Land Information
APNR133177
Lot Number2
SubdivisionGodwin
Land UseResidential
Legal DescriptionGODWIN BLK 1 L 2
Census Tract002301
Assessed Land Value$3,300
Assessed Improvement Value$125,875
Assessment Year2025
About this property
Duplex for Sale with an excellent return on your investment. Both sides are rented for $1450/month. Unit A is 2/1 and unit B is 1/1 with bonus room. Newer windows and doors. Newer AC window units. The roof is less than two years old. New paint inside out in the past year. The seller is selling it as is. Tenants pay utilities.
Investor Tools
$139,000
Estimated Property Value
$86,906Estimated Mortgage Balance
$52,094Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$834 /month
Positive
Cash Flow Estimate:
$278 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$253/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,346
$129,175
2025
$3,300
$125,875
$129,175
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,346
$129,175
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
T2 Financial Llc
Conventional
$90,000
No
First
Jun 21, 2024
Jul 2054
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,906
$52,094
37%
63%
$540/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$540/mo
+$1,132/mo
14.4%
12.4%