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$518,000

NAL Estimated Property Value

251 Lariat Loop, Lubbock, TX, 79404

$623,855 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,506 Sq Ft
price_per_sqft$185.37 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesRefrigerator, Range, Built-In Refrigerator, Cooktop, Disposal, Free-Standing Range, Microwave
FlooringVinyl

Exterior

Exterior FeaturesAwning(s), Balcony, Dog Run, Lighting

Building Information

Year Built1965
Roof Type105

Land Information

APNR79188
Lot Number2510
SubdivisionBuffalo Lake
Land UseResidential
Legal DescriptionBUFFALO LAKE L 251 LEASED LD
Census Tract010700
Assessed Improvement Value$278,874
Assessment Year2025

About this property

251 Lariat Loop is something special! Located at Buffalo Springs Lake, this home has so much to offer, sitting at just over 3,500 sq ft of living space! Featuring 4 bedrooms and 3 bathrooms with 2 master suites, 2 living rooms, a luxurious kitchen on the main level, and a kitchenette on the lower level. Additionally, you'll find a bonus room and an office on the first floor. This house showcases breathtaking views from the kitchen, living room, and both master suites. In addition to ample indoor space for gatherings, the property boasts three patios, two of which are fully covered. Parking is convenient with a spacious attached carport to protect your vehicles and lake toys. Properties like this are rare at Buffalo Springs, make sure you check this one out!

Investor Tools

Property Icon
$518,000
Estimated Property Value
$263,985Estimated Mortgage Balance
$254,015Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$623,854
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,899 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$521/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,659
$278,874
2025
N/A
$278,874
$278,874
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,659
$278,874

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Western Bank
Conventional
$267,500
No
First
Aug 4, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$263,985
$254,015
49%
51%
$1,604/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,604/mo
$-179/mo
3.3%

City: Lubbock

251 Lariat Loop | Property Details | No Agent List