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$215,000

2805 87th Street, Lubbock, TX, 79423

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,590 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$135.22 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Range, Microwave, Refrigerator, Gas Water Heater
FlooringTile

Exterior

Exterior FeaturesNone
Lot Size5,985 sqft

Building Information

Year Built1997
Roof Type114
Garage Spaces2

Land Information

APNR147474
Lot Number2040
SubdivisionSummerfield
Land UseResidential
Legal DescriptionSUMMERFIELD L 204
Census Tract010505
Assessed Land Value$19,380
Assessed Improvement Value$189,300
Assessment Year2025

About this property

Welcome to this 3-bedroom, 2-bath home in desirable South Lubbock! Offering 1,590 square feet of comfortable living space, this home features an inviting layout with spacious living areas, abundant natural light, and a warm, welcoming feel throughout. The kitchen provides plenty of cabinet and counter space, perfect for everyday living and entertaining. Relax in the private primary suite with an en-suite bath, while the additional bedrooms offer flexibility for guests, family, or a home office. Conveniently located near shopping, dining, parks, and schools, this home combines comfort, space, and location at an exceptional value. Schedule your showing today!!

Investor Tools

$0Estimated Mortgage Balance
$237,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,422 /month
Positive
Cash Flow Estimate:
$474 /month

Interested in this property?

Cinthia Torres

Reside Real Estate Co.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$179/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$964
$208,680
2025
$19,380
$189,300
$208,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$964
$208,680

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$237,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
N/A
+$1,550/mo
7.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2805 87th Street | Property Details | No Agent List