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$81,000

NAL Estimated Property Value

2409 39th Street, Lubbock, TX, 79412

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths720 Sq Ft
price_per_sqft$125 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Range, Microwave, Gas Water Heater
FlooringHardwood, Tile

Exterior

Exterior FeaturesNone
Lot Size7,950 sqft

Building Information

Year Built1961
Roof Type105
Garage Spaces264

Land Information

APNR75023
Lot Number50
SubdivisionHester
Land UseResidential
Legal DescriptionHESTER BLK 1 L 5
Census Tract002301
Assessed Land Value$20,000
Assessed Improvement Value$56,212
Assessment Year2025

About this property

If you've been thinking about buying instead of renting, this might be your sign. This well-kept 2 bed, 1 bath home has been a successful short-term rental for the past few years and is ready for its next chapter. The living room and kitchen are easily the heart of the home, and the bedrooms and bathroom are clean, sensible, and updated. Located in central Lubbock, you're 5 minutes or less from Texas Tech, Covenant, and UMC, which makes this a great spot whether you're looking for an investment property or a place to call home.

Investor Tools

Property Icon
$81,000
Estimated Property Value
$63,175Estimated Mortgage Balance
$17,825Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$540 /month
Positive
Cash Flow Estimate:
$180 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$152/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,420
$76,212
2025
$20,000
$56,212
$76,212
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,420
$76,212

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Open End Mortgage / Open End With Future Advance Clause
$66,400
No
First
Sep 1, 2023
Sep 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$63,175
$17,825
22%
78%
$399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$399/mo
+$618/mo
15.1%

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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2409 39th Street | Property Details | No Agent List