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$220,000

3214 40th Street, Lubbock, TX, 79413

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,891 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.34 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

High Equity

Highlights

Interior

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

Exterior

Exterior FeaturesFire Pit, Lighting, Outdoor Grill, Playground
Lot Size9,750 sqft

Building Information

Year Built1954
Roof Type105
Garage Spaces2

Land Information

APNR105445
Lot Number10
SubdivisionLaughter Place
Land UseResidential
Legal DescriptionLAUGHTER PLACE BLK 2 L 10
Census Tract002001
Assessed Land Value$48,000
Assessed Improvement Value$154,148
Assessment Year2025

Investor Tools

$154,948Estimated Mortgage Balance
$48,052Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$389/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,649
$202,148
2025
$48,000
$154,148
$202,148
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,649
$202,148

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Conventional
$170,981
No
First
Jun 4, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$154,948
$48,052
23%
76%
$1,026/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$1,026/mo
+$644/mo
9.9%

City: Lubbock

3214 40th Street | Property Details | No Agent List