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NoAgentList RatingHow are grades calculated?Info

$397,000

NAL Estimated Property Value

2506 Newcomb St, Lubbock, TX, 79415

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,279 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$62.21 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher
FlooringCarpet

Exterior

Lot Size22,163 sqft

Building Information

Year Built1959
Roof Type114
Garage Spaces2

Land Information

APNR78327
Lot Number40
SubdivisionCresthill
Land UseResidential
Legal DescriptionCRESTHILL L 40
Census Tract000201
Assessed Land Value$12,500
Assessed Improvement Value$345,266
Assessment Year2025

About this property

Wonderful family home in a quiet, secluded north Lubbock neighborhood just a block from Hillcrest Country Club! This home offers an incredible amount of space, 2 living areas, dining room, 3 large bedrooms, an office, a spacious backyard with a covered patio and a work shop that has it's own bathroom. A very quiet street with great neighbors and enough room to have your privacy.

Investor Tools

Property Icon
$397,000
Estimated Property Value
$203,140Estimated Mortgage Balance
$193,860Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,382 /month
Positive
Cash Flow Estimate:
$794 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$525/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,309
$321,543
2025
$12,500
$345,266
$357,766
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,309
$321,543

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Va
$204,000
Yes
First
Sep 13, 2019
Oct 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,140
$193,860
48%
51%
$1,394/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,394/mo
+$31/mo
4.3%

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.

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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2506 Newcomb St | Property Details | No Agent List