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$237,000

NAL Estimated Property Value

2301 27th Street, Lubbock, TX, 79411

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,358 Sq Ft
price_per_sqft$101.36 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
AppliancesDishwasher, Disposal, Electric Range
FlooringHardwood, Tile, Vinyl

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size7,000 sqft

Building Information

Year Built1939
Roof Type105

Land Information

APNR121173
Lot Number1
SubdivisionMccrummen 2nd
Land UseResidential
Legal DescriptionMCCRUMMEN 2ND BLK 74 L 1
Census Tract001401
Assessed Land Value$25,000
Assessed Improvement Value$140,185
Assessment Year2025

About this property

Just blocks from Texas Tech University and the medical district is this inviting 4-bedroom, 2-bath residence ideally situated across from Carlisle City Park. Thoughtfully updated, the home features beautiful granite countertops, modernized bathrooms, and a spacious kitchen designed for both everyday living and entertaining. With two generous living areas, the layout offers flexibility to fit various needs. The front second living space can easily function as a fifth bedroom, a home office, or a game room. Currently leased at $2,600 with all bills paid, this property presents an excellent opportunity for investors or future homeowners seeking a well-located home that combines comfort, versatility, and convenience.

Investor Tools

Property Icon
$237,000
Estimated Property Value
$167,449Estimated Mortgage Balance
$69,551Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$393/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,527
$165,185
2025
$25,000
$140,185
$165,185
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,527
$165,185

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community National Bank & Trust
Purchase Money Mortgage
$182,000
No
First
Feb 4, 2022
Feb 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,449
$69,551
29%
71%
$1,092/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$1,092/mo
+$580/mo
8.5%

City: Lubbock

2301 27th Street, Lubbock, TX 79411 | Property Details | No Agent List