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$146,000

NAL Estimated Property Value

304 Niter Ave, Lubbock, TX, 79403

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,236 Sq Ft
price_per_sqft$109.22 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesDishwasher, Free-Standing Electric Range, Microwave, Electric Water Heater
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesNone
Lot Size10,875 sqft

Building Information

Year Built1952

Land Information

APNR309216
Lot Number75
SubdivisionMorning View
Land UseResidential
Legal DescriptionMORNING VIEW BLK 1 S72.5 OF N145' OF N217.5 OF L 7
Census Tract001000
Assessed Land Value$725
Assessed Improvement Value$39,275
Assessment Year2025

About this property

Fully remodeled and beautifully done, in a quiet neighborhood! As you walk in you will feel instantly at home with a neutral color pallet, wonderful natural light, and open floorplan! Spacious living room, open to the dining room and kitchen, perfect for entertaining. Including all new cabinets and fixtures, gorgeous countertops, and stainless appliances in the kitchen. Bedrooms are nestled on one side of the home with nice sized closets. All new paint, flooring, and fixtures throughout. The bathroom has an updated vanity, tile surround, and great lighting. Added storage in the hallway. Good size utility room that leads out to a large backyard! Metal fence and roof are recently done. Exterior of home also has metal siding, new windows and concrete driveway. So much to love about this awesome low maintenance home! Welcome home!

Investor Tools

Property Icon
$146,000
Estimated Property Value
$130,220Estimated Mortgage Balance
$15,780Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$876 /month
Positive
Cash Flow Estimate:
$292 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$726
$40,000
2025
$725
$39,275
$40,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$726
$40,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Canopy Mortgage Llc
Stand Alone Second / Subordinate Position
$132,554
No
First
May 12, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$130,220
$15,780
10%
89%
$795/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$795/mo
+$630/mo
11.7%

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.

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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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304 Niter Ave | Property Details | No Agent List