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$151,000

NAL Estimated Property Value

2314 18th Street Rear, Lubbock, TX, 79401

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths480 Sq Ft
price_per_sqft$1.15 / sqft
Year BuiltBuilt in 1928

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size5,100 sqft

Building Information

Year Built1928
Roof Type105

Land Information

APNR55197
Lot Number18
SubdivisionOverton
Land UseResidential
Legal DescriptionOVERTON BLK 80 E40'OF L 18
Census Tract000607
Assessed Land Value$21,000
Assessed Improvement Value$64,659
Assessment Year2025

About this property

Need a private cozy rental near Texas Tech? This backhouse will be available August 1 for leasing. No smoking, No pets, tenant pays utilities. Bike or walk to campus. 1 bedroom, 1 bath, with driveway parking right next to the backhouse accessible through alley. Lots of character in this home. Kitchen comes with Refrigerator. No washer/dryer connections but there is a laundry mat around the corner. $550/month, $400 deposit, $29/Application Fee.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$193/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,555
$85,659
2025
$21,000
$64,659
$85,659
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,555
$85,659

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Commercial
$131,200
No
First
Dec 3, 2020
Dec 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,506
$33,494
22%
78%
$787/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,530/mo
$787/mo
+$743/mo
12.2%

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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2314 18th Street Rear | Property Details | No Agent List