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Owner Contacts

$388,000

NAL Estimated Property Value

303 Wayne Ave, Lubbock, TX, 79416

Off Market

3 Beds

3 Bath

2,834 Sq Ft

Single Family Residence

$93.47 / sqft

Built in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDouble Oven, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size12,387 sqft

Building Information

Year Built1982

Roof Type105

Garage Spaces2

Land Information

APNR110820

Lot Number220

SubdivisionWhisperwood

Land UseResidential

Legal DescriptionWHISPERWOOD L 22

Census Tract000411

Assessed Land Value$22,297

Assessed Improvement Value$330,433

Assessment Year2025

About this property

Priced to SELL! Location Location Location This 3 Bedroom 3 Full Bathroom 2 oversized car garage floor plan was designed for entertainment. Located just minutes from TexasTech University the Medical District, Lubbock Christian University, Shopping and Dining at the West End, P. F. Chang's or you're just seconds from The Alamo Draft Movie House and Twisted Root not to mention Golf at the Rawls or Shadowhills Hill Courses. This home has off street parking, circle drive, Rear Entry Garage and concrete allies Breathtaking entry way with vaulted ceilings, fresh paint throughout. Bran New Appliances never been used. It boasts an Oversized Formal dining, two huge living areas with patio accessed through French Double Doors off the west living area/gameroom with built in serving bar. Roof is less than one year old 4 more years on the warranty! This Breathtaking Home is Located in the Well Established Highly Desireable Whisperwood Neighborhood which has a Pool.

Investor Tools

$388,000

Estimated Property Value

$318,555Estimated Mortgage Balance

$69,445Estimated Equity

17% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,328 /month

Positive

Cash Flow Estimate:

$776 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$620/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,497

$352,730

2025

$22,297

$330,433

$352,730

Tax History

Year

Tax Paid

Assessed Value

2024

$5,497

$352,730

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cardinal Financial Company Lp

$350,168

Yes

First

Aug 2, 2021

Sep 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$318,555

$69,445

17%

82%

$2,100/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$2,100/mo

$-460/mo

5.1%

Learn About the Market: Opportunity in Texas

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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.

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