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$275,000

NAL Estimated Property Value

2715 28th Street, Lubbock, TX, 79410

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,819 Sq Ft
price_per_sqft$145.68 / sqft
Year BuiltBuilt in 1942

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringTile, Vinyl, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,520 sqft

Building Information

Year Built1942
Roof Type105
Garage Spaces209

Land Information

APNR29548
Lot Number8
SubdivisionGreen Acres
Land UseResidential
Legal DescriptionGREEN ACRES BLK 5 L 8
Census Tract001502
Assessed Land Value$33,000
Assessed Improvement Value$229,825
Assessment Year2025

About this property

Spacious and full of potential, this 3 bedroom, 2 bath property in Tech Terrace is a fantastic investment opportunity. With a comfortable layout, generous living spaces, and a desirable location, this home offers both charm and long-term value. Currently leased through 2027, it provides immediate and stable rental income in one of Lubbock's most sought-after neighborhoods. Whether you're expanding your portfolio or securing a future home in Tech Terrace, this is an opportunity you won't want to miss.

Investor Tools

Property Icon
$275,000
Estimated Property Value
$0Estimated Mortgage Balance
$275,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,650 /month
Positive
Cash Flow Estimate:
$550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,773
$262,825
2025
$33,000
$229,825
$262,825
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,773
$262,825

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$275,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
N/A
+$1,740/mo
7.6%

City: Lubbock

2715 28th Street | Property Details | No Agent List