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$120,782

NAL Estimated Property Value

2412 E Cornell St, Lubbock, TX, 79403

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,028 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.59 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Microwave

Exterior

Exterior FeaturesNone
Lot Size6,832 sqft

Building Information

Year Built2023
Roof Type105
Garage Spaces2

Land Information

APNR80276
Lot Number5950
SubdivisionMackenzie Terrace
Land UseResidential
Legal DescriptionMACKENZIE TERR L 595
Census Tract000902
Assessed Land Value$1,000
Assessed Improvement Value$119,782
Assessment Year2025

About this property

Home for sale featuring 3 bedrooms, 2 bathrooms with an open concept floor plan and modern amenities throughout. The kitchen boasts a large island with upgraded countertops. Private primary bedroom includes ensuite bathroom and walk in closet.

Investor Tools

Property Icon
$120,782
Estimated Property Value
$108,306Estimated Mortgage Balance
$12,476Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,169 /month
Positive
Cash Flow Estimate:
$390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$243/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,306
$120,782
2025
$1,000
$119,782
$120,782
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,306
$120,782

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plainscapital Bank
Commercial
$117,500
No
First
Mar 28, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,306
$12,476
10%
90%
$705/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$705/mo
+$720/mo
14.2%

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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2412 E Cornell St | Property Details | No Agent List