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$156,071

3417 Avenue S, Lubbock, TX, 79412

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,738 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$66.17 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size12,180 sqft

Building Information

Year Built1939
Roof Type114

Land Information

APNR101938
Lot Number400
SubdivisionAndrews
Land UseResidential
Legal DescriptionANDREWS BLK 1 L 27B LESS STRIP ON N SIDE
Census Tract002302
Assessed Land Value$23,500
Assessed Improvement Value$132,571
Assessment Year2025

About this property

Calling all investors and contractors! This 3 bedroom, 1 bathroom property with a 1 bed efficiency is just 7 minutes from Texas Tech, and it just needs someone who can make it shine. This property performs well beyond the 1% rule! Key Features: Spacious kitchen great natural lighting beautiful rock accent interior Newly renovated bathroom Roof in great condition Big backyard Fixer-upper in need of some tender loving care (TLC) Sold as-is, offering a blank canvas for your creative vision Perfect project for contractors or DIY enthusiasts Investor special with immense profit potential ($45,000-$65,000 gross margins) Ideal for landlords looking to expand their portfolio This home has great potential as a rental property for $1800 - $2000 per month market rent. Currently vacant and ready for improvement! With its location near Texas Tech and ample room for improvement, this property is a great opportunity to maximize returns.

Investor Tools

Property Icon
$156,071
Estimated Property Value
$107,000Estimated Mortgage Balance
$52,253Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$936 /month
Positive
Cash Flow Estimate:
$312 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$308/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,918
$156,071
2025
$23,500
$132,571
$156,071
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,918
$156,071

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Willfull Properties Llc
Commercial
$107,000
No
First
Sep 9, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$103,818
$52,253
33%
67%
$642/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$642/mo
+$783/mo
11.0%

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.

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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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3417 Avenue S | Property Details | No Agent List