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$116,900

2722 3rd St, Lubbock, TX, 79415

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,068 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.46 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Cooktop, Electric Oven
FlooringCarpet, Plank, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,273 sqft

Building Information

Year Built2007
Roof Type105

Land Information

APNR94058
Lot Number14
SubdivisionParks
Land UseResidential
Legal DescriptionPARKS BLK 22 L 14
Census Tract000301
Assessed Land Value$15,500
Assessed Improvement Value$85,148
Assessment Year2025

About this property

Whether you're looking for a place to call home or a smart investment opportunity, this charming property offers a fantastic location just minutes from Texas Tech University. Inside, you'll find a fresh, updated feel with recently repainted interior walls, beautiful granite countertops, and a stainless steel stove that adds a modern touch to the kitchen. A covered carport provides convenient parking, while the spacious backyard offers plenty of room for entertaining, pets, gardening, or future possibilities. With its combination of recent updates, functional features, and proximity to campus, this home is one you won't want to miss.

Investor Tools

$82,741Estimated Mortgage Balance
$18,059Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$701 /month
Positive
Cash Flow Estimate:
$234 /month

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Doug Duncan

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$190/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,781
$100,648
2025
$15,500
$85,148
$100,648
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,781
$100,648

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
$89,600
No
First
May 19, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$82,741
$17,907
17%
82%
$538/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$538/mo
+$479/mo
12.1%

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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2722 3rd St | Property Details | No Agent List