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$90,000

3206 1st Place, Lubbock, TX, 79415

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,029 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$87.46 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave
FlooringPlank, Vinyl

Exterior

Exterior FeaturesNone
Lot Size6,500 sqft

Building Information

Year Built1947
Roof Type114

Land Information

APNR29269
Lot Number22
SubdivisionMcmillan Heights
Land UseResidential
Legal DescriptionMCMILLAN HTS BLK 11 L 22
Census Tract000301
Assessed Land Value$15,500
Assessed Improvement Value$68,624
Assessment Year2025

About this property

Welcome home! Remodeled last year, 3 bedroom, 1 bathroom home on a large lot in Arnett Benson! This home is a great rental property option. Currently leased through April 30th, 2027, at $925 a month! Recent updates include new windows, new flooring throughout, new paint interior and exterior, electrical panel upgrade, new roof, and plumbing work! This one is ready to go, and offering rate buy down! Come check this one out today!

Investor Tools

$0Estimated Mortgage Balance
$108,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$648 /month
Positive
Cash Flow Estimate:
$216 /month

Interested in this property?

Travis Turner

Brick & Loft Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$171/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,510
$84,124
2025
$15,500
$68,624
$84,124
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,510
$84,124

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$108,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
15.8%

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.

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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3206 1st Place, Lubbock, TX 79415 | Property Details | No Agent List