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$239,000

NAL Estimated Property Value

2807 E 2nd St, Lubbock, TX, 79403

Off MarketInfo
Beds6 Beds
Baths2 Bath
Baths1,500 Sq Ft
DuplexDuplex
price_per_sqft$126.6 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size6,360 sqft

Building Information

Year Built2019
Roof Type105

Land Information

APNR136947
Lot Number3840
SubdivisionWilshire Park
Land UseResidential
Legal DescriptionWILSHIRE PARK L 384A
Census Tract001000
Assessed Land Value$1,000
Assessed Improvement Value$188,636
Assessment Year2025

About this property

Great multi-family rental opportunity on newer construction. Each side is currently rented for $700 per side. Leases expires July 9th, 2021 and November 30th, 2021. Currently managed by Hub City Rentals.

Investor Tools

Property Icon
$239,000
Estimated Property Value
$122,812Estimated Mortgage Balance
$116,188Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$393/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,516
$189,636
2025
$1,000
$188,636
$189,636
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,516
$189,636

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Celebrity Home Loans Llc
Conventional
$135,000
No
First
Aug 24, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,812
$116,188
48%
51%
$810/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$810/mo
+$862/mo
8.4%

City: Lubbock

2807 E 2nd St | Property Details | No Agent List