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$254,000

NAL Estimated Property Value

2123 Edgewood St, Lubbock, TX, 79415

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,550 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$161.23 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Exhaust Fan, Gas Range, Microwave, Range Hood, Stainless Steel Appliance(s), Gas Water Heater
FlooringVinyl

Exterior

Exterior FeaturesNone
Lot Size6,065 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces2

Land Information

APNR350970
Land UseSingle Family Residential
Legal DescriptionCENTERPOINTE L 12
Census Tract000201
Assessed Land Value$24,000
Assessed Improvement Value$107,889
Assessment Year2025

About this property

Welcome to your dream home in the up-and-coming CenterPointe Subdivision in North Lubbock! The builder is offering a 1 year of security system. This stunning new build offers everything you need to live comfortably and entertain effortlessly. Designed with an open floor plan, this home is ideal for entertaining friends and family. The kitchen includes a large breakfast bar which provides additional seating and a focal point for gatherings. The attic is equipped with foam insulation which ensures energy efficiency and comfort year-round. There are plans for parks and walking trails, enhancing the community's charm and providing residents with spaces to enjoy outdoor activities. The future development of the Lubbock County Expo Center nearby will add to the convenience and value of this location. CenterPointe is across from the prestigious Hillcrest Country Club, offering leisure and recreational opportunities. Don't miss the opportunity to be part of this vibrant and growing community.

Investor Tools

Property Icon
$254,000
Estimated Property Value
$216,992Estimated Mortgage Balance
$37,008Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,524 /month
Positive
Cash Flow Estimate:
$508 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$436
$131,889
2025
$24,000
$107,889
$131,889
No

Tax History

Year
Tax Paid
Assessed Value
2024
$436
$131,889

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Building Or Construction Loan
$224,000
No
First
Aug 13, 2024
Aug 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,992
$37,008
14%
85%
$1,343/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,343/mo
+$82/mo
6.7%

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.

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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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2123 Edgewood St | Property Details | No Agent List