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$98,000

3305 E Colgate St, Lubbock, TX, 79403

Off MarketInfo
Beds4 Beds
Baths1 Bath
Baths1,322 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$64.3 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
HeatingHeating
CoolingCooling

Exterior

Lot Size7,750 sqft

Building Information

Year Built1961
Roof Type105

Land Information

APNR131260
Lot Number2780
SubdivisionCherry Point
Land UseResidential
Legal DescriptionCHERRY POINT L 278
Census Tract000902
Assessed Land Value$1,000
Assessed Improvement Value$81,439
Assessment Year2025

About this property

Don't miss this charming home at an even more charming price! This 4-bedroom, 1 bathroom house dons updated flooring, light fixtures and bathroom. You'll love the light and bright colors! The fourth bedroom could also serve as a bonus space, office or second living space! Take worry of your shoulders, as this property also has a new roof, new breaker box, new electrical components and a new heater! The huge backyard and updated exterior is just icing on the cake! Come see this one today, before it's gone tomorrow!

Investor Tools

Property Icon
$98,000
Estimated Property Value
$92,310Estimated Mortgage Balance
$10,321Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$588 /month
Positive
Cash Flow Estimate:
$196 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$166/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,497
$82,439
2025
$1,000
$81,439
$82,439
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,497
$82,439

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Commercial
$92,310
No
First
Aug 31, 2023
Aug 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,679
$10,321
10%
89%
$554/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$554/mo
+$1,118/mo
20.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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3305 E Colgate St | Property Details | No Agent List