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B+
NoAgentList RatingHow are grades calculated? Info

$554,000

2626 Gannon St, Lubbock, TX, 79415

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,390 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.12 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop, Microwave
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size37,679 sqft

Building Information

Year Built2003
Roof Type105
Garage Spaces4

Land Information

APNR132236
Lot Number21530
Land UseResidential
Legal DescriptionBLK A SEC 34 AB 675 TR 153 NORTH UNIVERSITY RANCHETTES ACS: .8646
Census Tract010201
Assessed Land Value$12,104
Assessed Improvement Value$505,702
Assessment Year2025

About this property

$4000 for flex cash to be spent at buyers discretion. Country living with plenty of room for everyone. This beautiful property on almost an acre boasts two living areas, a basement and a very nice mother in law or guest house that would also make a great rental at the back of the property. The home has updated wood tile in all common areas, new stone around both fireplaces, updated baths, new exterior paint, new metal fence, awnings added to house for boats, toys and additional vehicles. Home has 4 bedrooms, 3 full baths and 2 garage bays. Apartment has wood tile w/granite in kitchen & bath w/one bedroom & w/d hookups and it's own garage. Home has a wonderful backyard with a covered pergola with electricity, above ground pool, storage building & a very nice shop for work or play with another garage door for more storage. Come see this great property and make it your home!

Investor Tools

Property Icon
$554,000
Estimated Property Value
$446,024Estimated Mortgage Balance
$110,559Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,324 /month
Positive
Cash Flow Estimate:
$1,108 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$616/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,626
$517,806
2025
$12,104
$505,702
$517,806
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,626
$517,806

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$446,024
Yes
First
Jan 29, 2026
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$443,441
$110,559
19%
80%
$2,675/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$2,675/mo
$-1,003/mo
3.6%

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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2626 Gannon St | Property Details | No Agent List