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$109,000

2711 Cornell St, Lubbock, TX, 79415

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,171 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$29.89 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace

Exterior

Lot Size6,625 sqft

Building Information

Year Built1925
Roof Type114

Land Information

APNR105859
Lot Number10
SubdivisionArnett Benson
Land UseResidential
Legal DescriptionARNETT & BENSON BLK 10 W50'OF N/2
Census Tract000304
Assessed Land Value$15,500
Assessed Improvement Value$60,181
Assessment Year2025

About this property

Investor property, as is, no repairs. 3 houses on East side of property are new adding value to the possibilities for this flip house.

Investor Tools

Property Icon
$109,000
Estimated Property Value
$79,760Estimated Mortgage Balance
$36,164Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$654 /month
Positive
Cash Flow Estimate:
$218 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$157/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,345
$75,681
2025
$15,500
$60,181
$75,681
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,345
$75,681

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank & Trust
Open End Mortgage / Open End With Future Advance Clause
$79,760
No
First
Oct 27, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$72,836
$36,164
33%
67%
$479/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$479/mo
+$946/mo
15.7%

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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2711 Cornell St | Property Details | No Agent List