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$195,000

2112 27th Street, Lubbock, TX, 79411

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,382 Sq Ft
price_per_sqft$81.86 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Free-Standing Gas Range, Gas Cooktop, Range Hood, Refrigerator, Stainless Steel Appliance(s)
FlooringCarpet, Hardwood, Vinyl

Exterior

Exterior FeaturesAwning(s), Balcony
Lot Size7,000 sqft

Building Information

Year Built1929
Roof Type105
Garage Spaces2

Land Information

APNR82266
Lot Number19
SubdivisionHighland Heights
Land UseResidential
Legal DescriptionHIGHLAND HTS BLK 71 L 19
Census Tract001402
Assessed Land Value$25,000
Assessed Improvement Value$189,000
Assessment Year2025

About this property

Located just minutes from Texas Tech University and the thriving medical district, this beautifully updated 4-bedroom, 3-bath home offers the perfect blend of space, style, and convenience. Featuring granite countertops, hardwood floors, and modern updates throughout, the home boasts a functional layout with generous living areas, updated finishes, and plenty of room for entertaining or everyday living. Whether you're looking for a primary residence, student housing opportunity, or investment property, this location can't be beat. This home is currently occupied by tenants that pay $2250 a month and new lease that goes to July 31st, 2027

Investor Tools

$194,803Estimated Mortgage Balance
$19,197Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,284 /month
Positive
Cash Flow Estimate:
$428 /month

Interested in this property?

Scott Toman

Realty Refined

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$413/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,886
$214,000
2025
$25,000
$189,000
$214,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,886
$214,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ikon Mortgage Inc
Conventional
$205,440
No
First
Jul 7, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$194,803
$19,197
8%
91%
$1,232/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$1,232/mo
+$440/mo
9.4%

City: Lubbock

2112 27th Street | Property Details | No Agent List