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$227,095

2128 N Texas Ave, Lubbock, TX, 79403

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,473 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.71 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Microwave
FlooringVinyl

Exterior

Lot Size5,858 sqft

Building Information

Year Built2021
Roof Type105
Garage Spaces2

Land Information

APNR338250
Lot Number1230
SubdivisionCypress Grove
Land UseResidential
Legal DescriptionCYPRESS GROVE L 123
Census Tract000100
Assessed Land Value$27,500
Assessed Improvement Value$199,595
Assessment Year2025

About this property

Nice investment property or starter home for a family. As you step inside, you'll be greeted by a spacious and well-designed floor plan. The 3 bedrooms provide ample space for both relaxation and personalization. The 2 bathrooms are tastefully appointed, offering both style and functionality. This property has a zero scape yard, front and back. Quick access to Loop 289 and minutes away from the University and hospital district. Currently, this property is an excellent investment opportunity, has been rented for $1400 a month. Whether you're looking for a wise investment or a place to call home, 2128 N Texas Ave offers both. Seller is offering $1000 allowance to the buyer for closing cost assistance or reduction in price..

Investor Tools

Property Icon
$227,095
Estimated Property Value
$177,045Estimated Mortgage Balance
$57,244Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,363 /month
Positive
Cash Flow Estimate:
$454 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,724
$227,095
2025
$27,500
$199,595
$227,095
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,724
$227,095

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Fha
$177,045
Yes
First
Feb 28, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,851
$57,244
25%
75%
$1,062/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,062/mo
+$363/mo
7.5%

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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