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$286,000

NAL Estimated Property Value

2109 Main St Apt 5, Lubbock, TX, 79401

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,838 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$136.02 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Microwave, Range
FlooringCarpet, Tile

Exterior

Lot Size2,076 sqft

Building Information

Year Built2005
Roof Type110
Garage Spaces2

Land Information

APNR305874
Lot Number350
SubdivisionOverton Park
Land UseResidential
Legal DescriptionOVERTON PARK TR 11 BLDG 3 UNIT 5 & 1/36TH UND INT IN COMM AREA MAIN ST CONDOS
Census Tract000603
Assessed Land Value$43,500
Assessed Improvement Value$229,998
Assessment Year2025

About this property

Calling all Texas Tech parents and investors! If you are looking to purchase the perfect home by campus, then look no further! This 3 bedroom, 3.5 bathroom condominium is clean and move in ready!! This condominium is located just seconds away from campus and is tucked away in a gated area, which offers a safe space for everyone and their belongings. Private garage parking comes with this condominium as well as private bathrooms for each bedroom. Can't decide where to hang out or relax after a long day? No need! This property comes with a front and back balcony! This is the space you want to come home to when you aren't in class. Book your showings today! This one will go fast!

Investor Tools

Property Icon
$286,000
Estimated Property Value
$103,179Estimated Mortgage Balance
$182,821Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,716 /month
Positive
Cash Flow Estimate:
$572 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$579/month
$2,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,515
$273,498
2025
$43,500
$229,998
$273,498
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,515
$273,498

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mike Jarrar
Unknown
$148,750
No
First
Dec 19, 2012
Dec 2015

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$103,179
$182,821
63%
36%
$892/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$2,992/mo
$-1,462/mo
6.4%

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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2109 Main St Apt 5 | Property Details | No Agent List