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$98,000

NAL Estimated Property Value

3611 Avenue S, Lubbock, TX, 79412

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,124 Sq Ft
price_per_sqft$60.05 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,900 sqft

Building Information

Year Built1952
Roof Type105

Land Information

APNR25404
Lot Number3
SubdivisionStubbs Lou
Land UseResidential
Legal DescriptionSTUBBS LOU BLK 1 L 3
Census Tract002302
Assessed Land Value$20,000
Assessed Improvement Value$69,962
Assessment Year2025

About this property

Fantastic income producing property! Rent comps at $900/mo, great cash flow opportunity. Carport offers convenient covered parking. Located close to Tech campus. Don't miss a great opportunity to add a rental to your portfolio!

Investor Tools

Property Icon
$98,000
Estimated Property Value
$53,025Estimated Mortgage Balance
$44,975Estimated Equity
45% 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
$153/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,342
$89,962
2025
$20,000
$69,962
$89,962
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,342
$89,962

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aimbank
Conventional
$61,750
No
First
Apr 30, 2019
May 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$53,025
$44,975
45%
54%
$371/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$371/mo
+$1,054/mo
17.4%

City: Lubbock

3611 Avenue S | Property Details | No Agent List