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$149,000

NAL Estimated Property Value

2507 Louisville Ave, Lubbock, TX, 79410

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,080 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.54 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal

Exterior

Lot Size5,088 sqft

Building Information

Year Built2012

Land Information

APNR48682
Lot Number14
SubdivisionEnglewood
Land UseResidential
Legal DescriptionENGLEWOOD BLK 2 L 14A
Census Tract001602
Assessed Land Value$22,750
Assessed Improvement Value$121,283
Assessment Year2025

About this property

Newer construction in the medical district! This Three bedroom, two bathroom was constructed in 2012 is perfect for the first-time investor or to add to your investment portfolio. Located minutes to UMC and Texas Tech University, this house is easily rented to bring maximum profit for the purchase. No carpet in the house and fresh paint make moving in a breeze. This home is offered for sale with 2505 Louisville Ave as well. Both properties have the same floorplan, flooring, and paint. Schedule your private showing today!

Investor Tools

Property Icon
$149,000
Estimated Property Value
$95,688Estimated Mortgage Balance
$53,312Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$894 /month
Positive
Cash Flow Estimate:
$298 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$280/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,615
$144,033
2025
$22,750
$121,283
$144,033
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,615
$144,033

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Open End Mortgage / Open End With Future Advance Clause
$106,000
No
First
Apr 16, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$95,688
$53,312
35%
64%
$636/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
$636/mo
+$1,104/mo
14.0%

City: Lubbock

2507 Louisville Ave | Property Details | No Agent List