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$242,000

NAL Estimated Property Value

2718 29th Street, Lubbock, TX, 79410

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,667 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.97 / sqft
Year BuiltBuilt in 1943

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
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

Property Icon
$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

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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%

City: Lubbock

2718 29th Street | Property Details | No Agent List