Last 24 Hours
$159,900
3423 97th Street, Lubbock, TX, 79423
On Market
2 Beds
2 Bath
1,602 Sq Ft
Condos / Townhouses
$99.81 / sqft
Built in 2003Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 2
Indoor Fireplace
Garage Available
Heating Central
CoolingAppliancesDishwasher, Electric Range
FlooringCarpet, Laminate, Tile
Exterior
Exterior FeaturesNone
Lot Size3,969 sqft
Building Information
Year Built2003
Roof Type105
Garage Spaces2
Land Information
APNR167538
Lot Number8790
SubdivisionRaintree
Land UseResidential
Legal DescriptionRAINTREE L 879
Census Tract010504
Assessed Land Value$8,453
Assessed Improvement Value$142,281
Assessment Year2025
About this property
Affordable 2/2/2 with basement townhome in South Lubbock! This Raintree townhome is ideal for both homeowners and investors. Offering 2 bedrooms, 2 bathrooms, a 2-car garage, and a basement, this property provides great space and versatility. Located in a unique setting on a quiet cul-de-sac, it's a fantastic opportunity to own or expand your investment portfolio.
Investor Tools
$0Estimated Mortgage Balance
$158,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$959 /month
Positive
Cash Flow Estimate:
$320 /month
Interested in this property?
ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$314/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,974
$150,734
2025
$8,453
$142,281
$150,734
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,974
$150,734
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$158,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
N/A
+$1,550/mo
11.8%
12.4%