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$268,000

NAL Estimated Property Value

2902 Urbana Ave, Lubbock, TX, 79407

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,953 Sq Ft
price_per_sqft$145.93 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range, Microwave
FlooringCarpet

Exterior

Lot Size5,986 sqft

Building Information

Year Built2020
Roof Type105
Garage Spaces2

Land Information

APNR335529
Lot Number550
SubdivisionUpland Crossing
Land UseResidential
Legal DescriptionUPLAND CROSSING L 55
Census Tract010402
Assessed Land Value$40,000
Assessed Improvement Value$220,462
Assessment Year2025

About this property

Corner Lot? Yes. 3 Bedroom? Yes. Sprawling open concept floor plan? You better believe it. Wood grain ceramic tile flooring and granite countertops? Boom. A master bedroom closet so big you could park your Tesla? Wellnot sure how you would make the corners but pretty close. Master closet connected to the giant laundry room? Of course. Like new, clean as a whistle and move in ready? You bet your bottom dollar. Frenship ISD? Yep. Worth seeing? Heck Yes!

Investor Tools

Property Icon
$268,000
Estimated Property Value
$94,499Estimated Mortgage Balance
$173,501Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$599/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,850
$260,462
2025
$40,000
$220,462
$260,462
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,850
$260,462

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$100,000
No
First
May 26, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$94,499
$173,501
64%
35%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$600/mo
+$825/mo
6.4%

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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2902 Urbana Ave | Property Details | No Agent List