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$156,000

2119 S Loop 289, Lubbock, TX, 79423

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,857 Sq Ft
DuplexDuplex
price_per_sqft$56.54 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Refrigerator, Water Heater

Exterior

Lot Size7,043 sqft

Building Information

Year Built1983
Roof Type105

Land Information

APNR85857
Lot Number3830
SubdivisionBeverly Heights
Land UseResidential
Legal DescriptionBEVERLY HTS L 383
Census Tract002205
Assessed Land Value$4,297
Assessed Improvement Value$130,411
Assessment Year2025

About this property

Great investment property. Can be bought separately or in a package with several other properties. Very well managed units over the years with several tenants that have been there a long time.

Investor Tools

Property Icon
$156,000
Estimated Property Value
$86,650Estimated Mortgage Balance
$78,705Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$936 /month
Positive
Cash Flow Estimate:
$312 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$289/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,694
$134,708
2025
$4,297
$130,411
$134,708
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,694
$134,708

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank
Conventional
$86,650
No
First
Oct 22, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$77,295
$78,705
50%
50%
$520/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,820/mo
$520/mo
+$1,300/mo
14.0%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2119 S Loop 289 | Property Details | No Agent List