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$130,000

NAL Estimated Property Value

3215 1st Street, Lubbock, TX, 79415

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,284 Sq Ft
price_per_sqft$101.25 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

BankruptcyOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
FlooringCarpet, Tile

Exterior

Lot Size6,500 sqft

Building Information

Year Built1947
Roof Type114

Land Information

APNR28904
Lot Number8
SubdivisionMcmillan Heights
Land UseResidential
Legal DescriptionMCMILLAN HTS BLK 11 L 8
Census Tract000301
Assessed Land Value$15,500
Assessed Improvement Value$75,579
Assessment Year2025

About this property

Welcome to this recently updated 2 bedroom, 2 bath home featuring a versatile flex space perfect for an office space, play room, Etc. Don't forget to checkout the backyard that includes a beautiful seating area and a storage shed. Lastly, this home too comes with a storm shelter! Whether you're a first-time homebuyer looking for a cozy starter home or an investor seeking a solid addition to your portfolio, this property has it all. Fridge does NOT convey. Property also for rent for $1250/mo

Investor Tools

Property Icon
$130,000
Estimated Property Value
$125,014Estimated Mortgage Balance
$4,986Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$780 /month
Positive
Cash Flow Estimate:
$260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$198/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,730
$91,079
2025
$15,500
$75,579
$91,079
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,730
$91,079

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Fha
$127,645
Yes
First
Mar 6, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,014
$4,986
3%
96%
$766/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$766/mo
+$251/mo
9.4%

City: Lubbock

3215 1st Street | Property Details | No Agent List