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$247,000

3008 68th Street, Lubbock, TX, 79413

PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,361 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$104.62 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

BankruptcyHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Electric Cooktop, Microwave, Range Hood
FlooringVinyl

Exterior

Exterior FeaturesNone
Lot Size10,625 sqft

Building Information

Year Built1965
Roof Type105
Garage Spaces483

Land Information

APNR126148
Lot Number605
SubdivisionLive Oak
Land UseResidential
Legal DescriptionLIVE OAK L 61 & E5'OF 60
Census Tract002103
Assessed Land Value$37,000
Assessed Improvement Value$207,130
Assessment Year2025

About this property

Updated 3 bedroom, 2 bathroom home in Central Lubbock. Spacious family room with great natural sunlight and a cozy corner fireplace for the winter time. A large master bedroom, double vanity guest bathroom with vessel sinks and vinyl flooring throughout entire house. Plus, a wide open back yard with patio. Great investment opportunity to add to your portfolio. Currently leased through end of September.

Investor Tools

$191,917Estimated Mortgage Balance
$52,213Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,482 /month
Positive
Cash Flow Estimate:
$494 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$400/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,580
$244,130
2025
$37,000
$207,130
$244,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,580
$244,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Vista Bank
Commercial
$198,750
No
First
Jun 6, 2024
Jun 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,917
$52,213
21%
79%
$1,192/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$1,192/mo
+$478/mo
8.2%

City: Lubbock