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$198,000

NAL Estimated Property Value

2923 85th Street, Lubbock, TX, 79423

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,450 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$137.93 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Exterior

Exterior FeaturesSmart Irrigation
Lot Size6,942 sqft

Building Information

Year Built1996
Garage Spaces2

Land Information

APNR138784
Lot Number810
SubdivisionSummerfield
Land UseResidential
Legal DescriptionSUMMERFIELD L 81
Census Tract010505
Assessed Land Value$19,438
Assessed Improvement Value$158,067
Assessment Year2025

About this property

Great opportunity in Summerfield! This 3 bedroom, 2 bath home offers an open living/kitchen layout, granite countertops, vinyl flooring in the living area, and new carpet in every bedroom. The primary suite includes his and hers closets and a separate tub and shower. Priced aggressively—perfect for buyers looking to add their own cosmetic touches and build instant equity. Some photos have been virtually staged.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$0Estimated Mortgage Balance
$198,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$373/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,490
$177,505
2025
$19,438
$158,067
$177,505
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,490
$177,505

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$198,000
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
9.4%

City: Lubbock

2923 85th Street, Lubbock, TX 79423 | Property Details | No Agent List