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$119,000

2915 Fordham St, Lubbock, TX, 79415

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,222 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$65.38 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
FlooringTile

Exterior

Lot Size6,564 sqft

Building Information

Year Built1953
Roof Type105

Land Information

APNR105449
Lot Number8
SubdivisionMarlin Park
Land UseResidential
Legal DescriptionMARLIN PARK BLK 9 L 8
Census Tract000304
Assessed Land Value$15,500
Assessed Improvement Value$83,223
Assessment Year2025

About this property

Great find! 4/2 with a newly installed HVAC system! Home has been newly painted, new flooring in living room and bedrooms. Separate utility room. Close to Texas Tech and medical district.

Investor Tools

Property Icon
$119,000
Estimated Property Value
$80,514Estimated Mortgage Balance
$45,097Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$714 /month
Positive
Cash Flow Estimate:
$238 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$208/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,899
$98,723
2025
$15,500
$83,223
$98,723
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,899
$98,723

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$80,514
No
First
Oct 31, 2019
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,903
$45,097
37%
62%
$510/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$510/mo
+$1,162/mo
16.9%

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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2915 Fordham St | Property Details | No Agent List