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Days117Days on Market
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$91,000

2721 Colgate St, Lubbock, TX, 79415

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths852 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.81 / sqft
Year BuiltBuilt in 1943

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
FlooringVinyl

Exterior

Exterior FeaturesNone
Lot Size9,937 sqft

Building Information

Year Built1943
Roof Type114

Land Information

APNR107476
Lot Number20
SubdivisionArnett Benson
Land UseResidential
Legal DescriptionARNETT & BENSON BLK 23 W35'OF NE/4 & E40'OF N/2
Census Tract000304
Assessed Land Value$15,500
Assessed Improvement Value$39,518
Assessment Year2025

About this property

Completely reimagined from the inside out, this beautifully renovated home offers the feel of new construction while maintaining its original exterior character. Every major component has been upgraded, including brand-new roofing, plumbing, electrical, and a fully redesigned interior layout. With no original interior framing remaining, the home was rebuilt to modern standards for comfort and efficiency. Featuring a functional 2 bedroom, 2 bathroom layout, this home also includes a mini-split system for efficient climate control and a welcoming front porch perfect for relaxing. A rare opportunity to own a near-new home without the price of new construction.

Investor Tools

Property Icon
$90,000
Estimated Property Value
$77,350Estimated Mortgage Balance
$12,873Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$546 /month
Positive
Cash Flow Estimate:
$182 /month

Interested in this property?

Collen Melton

Brick & Loft Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$76/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$460
$50,967
2025
$15,500
$39,518
$55,018
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2025
$460
$50,967

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens State Bank
Open End Mortgage / Open End With Future Advance Clause
$77,350
No
First
Mar 23, 2026
Mar 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$77,127
$12,873
14%
86%
$464/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$464/mo
+$553/mo
13.6%

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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2721 Colgate St | Property Details | No Agent List