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$394,000

2608 Gannon St, Lubbock, TX, 79415

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,204 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$195.1 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range
FlooringCarpet, Tile

Exterior

Lot Size1 acre

Building Information

Year Built1980
Roof Type105
Garage Spaces1

Land Information

APNR133149
Lot Number21020
SubdivisionG C & S F Rr Co Survey
Land UseResidential
Legal DescriptionBLK A SEC 34 AB 675 TR 102 NORTH UNIVERSITY RANCHETTES ACS: 1
Census Tract010201
Assessed Land Value$14,000
Assessed Improvement Value$302,849
Assessment Year2025

About this property

Extra nice country living property, offers 2204 Sq. Ft. of living space. The kitchen, dining room and large walk-in pantry with lots of space. Very spacious kitchen with stainless steel appliances. The living room has a beautiful rock fireplace and New carpet. The interior of the house has been freshly painted. Huge back yard with plenty of room for the kids and outdoor activities. A 60x50 work shop with 2 offices, 2 half baths and a 2 post car lift. New filter water system and new sprinkler pump system. The well pump was replaced Spring 2022. Seller installed new asphalt drive that runs to the shop. New roof was just installed August 2022. There is a small shed behind the shop. A chicken house ready to go. Plenty of fruit trees on the property. The seller has done some remodeling in the house which includes painting and some new carpet, There is so much more, COME and take a look.

Investor Tools

Property Icon
$394,000
Estimated Property Value
$366,750Estimated Mortgage Balance
$49,218Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,580 /month
Positive
Cash Flow Estimate:
$860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$438/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,289
$304,930
2025
$14,000
$302,849
$316,849
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,289
$304,930

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$366,750
No
First
Feb 10, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$344,782
$49,218
12%
88%
$2,199/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$2,199/mo
$-774/mo
4.3%

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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2608 Gannon St | Property Details | No Agent List