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$109,000

2609 Auburn Street, Lubbock, TX, 79415

SoldInfo
6/12/26
Beds2 Beds
Baths1 Bath
Baths1,280 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$85.94 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling
FlooringPlank, Tile, Vinyl

Exterior

Exterior FeaturesOther
Lot Size6,250 sqft

Building Information

Year Built1953
Roof Type114

Land Information

APNR108729
Lot Number5
SubdivisionFriend
Land UseResidential
Legal DescriptionFRIEND BLK 2 L 5
Census Tract000304
Assessed Land Value$15,500
Assessed Improvement Value$74,843
Assessment Year2025

About this property

Great cash-flowing investment property with two separate income producing units. The front home is a 2 bed, 1 bath consistently rented for $900/month (currently vacant), and the back unit is a 1 bed, 1 bath with a long-term tenant paying $500/month. Both units have recently received fresh interior and exterior paint, making this a clean, low-maintenance addition to an investor's portfolio. Total current rent: $1,400/month with tenants already in place. A simple, income-producing property ready for its next owner. Owner is a licensed professional realtor.

Investor Tools

Property Icon
$109,000
Estimated Property Value
$0Estimated Mortgage Balance
$42,315Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$660 /month
Positive
Cash Flow Estimate:
$220 /month

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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
$1,768
$90,343
2025
$15,500
$74,843
$90,343
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,768
$90,343

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$72,750
No
First
Jan 17, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$66,685
$42,315
38%
61%
$437/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$437/mo
+$580/mo
11.2%

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.

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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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2609 Auburn Street, Lubbock, TX 79415 | Property Details | No Agent List