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$144,000

NAL Estimated Property Value

3318 Amherst St, Lubbock, TX, 79415

$144,105 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,264 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$64.05 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Refrigerator, Gas Water Heater, Exhaust Fan
FlooringCeramic Tile, Carpet

Exterior

Exterior FeaturesNone
Lot Size8,450 sqft

Building Information

Year Built1954
Roof Type105

Land Information

APNR27256
Lot Number10
SubdivisionMcmillan Heights
Land UseResidential
Legal DescriptionMCMILLAN HTS BLK 8 L 10
Census Tract000304
Assessed Land Value$15,500
Assessed Improvement Value$131,045
Assessment Year2025

About this property

Charming Home Near Texas Tech - Great Investment or Airbnb Potential! This well-maintained home is perfectly situated just minutes from Texas Tech University, local hospitals, and shopping, making it ideal for students, medical professionals, or short-term rental guests. The property features a converted garage, offering extra living space or the perfect setup for a home office, game room, or guest suite. While the home could benefit from a few modern updates, it has been very well taken care of and offers solid bones with tons of potential. With its prime location and versatile layout, this home could easily be transformed into a profitable Airbnb ,cozy personal residence, or college rental. Whether you're an investor or a first-time buyer looking for a great opportunity near the heart of Lubbock, this one is worth a look!

Investor Tools

Property Icon
$144,000
Estimated Property Value
$141,963Estimated Mortgage Balance
$2,037Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$144,105
Rent-to-Value Ratio: 0.72%
Rent Estimate
$870 /month
Positive
Cash Flow Estimate:
$290 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$91/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$373
$135,970
2025
$15,500
$131,045
$146,545
No

Tax History

Year
Tax Paid
Assessed Value
2025
$373
$135,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Peoples Bank
Unknown
$142,373
No
First
Mar 4, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,963
$2,037
1%
99%
$854/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$854/mo
+$571/mo
11.9%

City: Lubbock

3318 Amherst St | Property Details | No Agent List