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$173,000

NAL Estimated Property Value

222 Avenue K, Lubbock, TX, 79401

$196,889 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,696 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$79.57 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Gas Range, Free-Standing Range, Microwave
FlooringHardwood, Tile

Exterior

Lot Size8,925 sqft

Building Information

Year Built2000
Roof Type105
Garage Spaces2

Land Information

APNR97042
Lot Number2
SubdivisionTubbs Williams
Land UseResidential
Legal DescriptionTUBBS WILLIAM BLK 2 L 2 & N20' OF 1
Census Tract000700
Assessed Land Value$1,750
Assessed Improvement Value$170,265
Assessment Year2025

About this property

You're going to love the size of this 3 Bedroom, 2 Bathroom, 2-Car Gagage Home in North Lubbock! With 1,696 sqft and an open floor plan, Wood Floors and Shutters throughout, this home offers incredible value! Close to Texas Tech, Downtown Lubbock, Hospitals, Shopping and Entertainment! Features also include a privacy fence, Storage Shed, Covered Patio, Gas Stove Top, Gas and Wood Burning Fireplace and a Sprinkler System. Call to schedule your appointment today!

Investor Tools

Property Icon
$173,000
Estimated Property Value
$145,478Estimated Mortgage Balance
$27,522Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$196,888
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,038 /month
Positive
Cash Flow Estimate:
$346 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$281/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,508
$172,015
2025
$1,750
$170,265
$172,015
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,508
$172,015

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Commercial
$157,250
No
First
May 9, 2022
May 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,478
$27,522
15%
84%
$943/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$943/mo
+$587/mo
10.6%

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.

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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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222 Avenue K | Property Details | No Agent List