Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
Days195Days on Market
Views1view

$112,000

2516 2nd Street, Lubbock, TX, 79415

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,040 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$107.69 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Absentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
AppliancesRange

Exterior

Exterior FeaturesOther
Lot Size6,250 sqft

Building Information

Year Built1958
Roof Type114

Land Information

APNR90769
Lot Number17
SubdivisionParks
Land UseResidential
Legal DescriptionPARKS BLK 16 L 17
Census Tract000301
Assessed Land Value$15,500
Assessed Improvement Value$79,036
Assessment Year2025

About this property

Currently Leased for 1,150 a Month until December 2026. Arnett Benson Investment opportunity north of Texas Tech. -Convenient highway access by Marsha Sharp and U.S. Highway 84. -Directly east of the Rawls Golf Course and North of Texas Tech. -Easy access to anywhere in the City due to Highway access as formerly mentioned. -"Diners Drive-ins and dives" include Joel's Restaurant, Blue Sky, Jim Dandy Drive In, Ground Zero, and El Super Elote. -Bus stops nearby. -Parks include Rodgers Park & Maedgen Park. Because it has a Tenant showing may need up to 48 Hours for approval, please schedule through showingtime.

Investor Tools

$88,809Estimated Mortgage Balance
$17,191Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$672 /month
Positive
Cash Flow Estimate:
$224 /month

Interested in this property?

Nathan Bruegel

Wise Cardinal Realty

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$193/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,782
$94,536
2025
$15,500
$79,036
$94,536
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,782
$94,536

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens State Bank
Open End Mortgage / Open End With Future Advance Clause
$93,500
No
First
Aug 15, 2023
Aug 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,809
$17,191
16%
84%
$561/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$561/mo
+$864/mo
16.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

2516 2nd Street | Property Details | No Agent List