$242,000
NAL Estimated Property Value2718 29th Street, Lubbock, TX, 79410
Off Market
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesRange, Cooktop, Dishwasher, Free-Standing Range
FlooringHardwood, Tile
Exterior
Exterior FeaturesNone
Lot Size7,440 sqft
Building Information
Year Built1943
Roof Type105
Garage Spaces1
Land Information
APNR29644
Lot Number12
SubdivisionGreen Acres
Land UseResidential
Legal DescriptionGREEN ACRES BLK 5 L 12
Census Tract001502
Assessed Land Value$33,000
Assessed Improvement Value$204,581
Assessment Year2025
About this property
3 bedroom, 2 bath investment property in Tech Terrace that is walking distance from Food King, Capital Pizza, J&B Coffee, and much more! Home offers a spacious living room with hardwood floors, large isolated master bedroom, plus a sunroom. Kitchen offers lots of countertop and cabinet space with a separate dining area. Backyard with good shading and access to the detached garage. Long large driveway with designated parking spot as well as a covered carport. Property is rented. Current lease expires in September.
Investor Tools
$242,000
Estimated Property Value
$86,686Estimated Mortgage Balance
$155,314Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,452 /month
Positive
Cash Flow Estimate:
$484 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$479/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,544
$237,581
2025
$33,000
$204,581
$237,581
No
Tax History
Year
Tax Paid
Assessed Value
2024
$4,544
$237,581
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Commercial
$99,000
No
First
Jan 29, 2020
Feb 2030
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,686
$155,314
64%
36%
$594/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,740/mo
$594/mo
+$1,146/mo
8.6%
