$193,000
NAL Estimated Property Value2707 31st Street, Lubbock, TX, 79410
Off Market
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Exterior
Exterior FeaturesBarbecue, Outdoor Grill
Lot Size8,400 sqft
Building Information
Year Built1947
Roof Type105
Land Information
APNR52991
Lot Number4
SubdivisionCollege View
Land UseResidential
Legal DescriptionCOLLEGE VIEW BLK 10 L 4
Census Tract001502
Assessed Land Value$33,000
Assessed Improvement Value$142,000
Assessment Year2025
About this property
3 bedroom, 2 bath investment opportunity in Tech Terrace within walking distance to Texas Tech University. Minutes from J&B Coffee, Food King, Capital Pizza, Wagner Park and Tech Terrace Park and much more. Home offering a spacious living room, kitchen, dining area and master bedroom. Large backyard with deck and shed. Property is currently leased through September.
Investor Tools
$193,000
Estimated Property Value
$70,050Estimated Mortgage Balance
$122,950Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$348/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,211
$175,000
2025
$33,000
$142,000
$175,000
No
Tax History
Year
Tax Paid
Assessed Value
2024
$3,211
$175,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Commercial
$80,000
No
First
Jan 29, 2020
Feb 2030
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,050
$122,950
63%
36%
$480/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
$480/mo
+$1,260/mo
10.8%
