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$115,000

3614 31st St, Lubbock, TX, 79410

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths964 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.29 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
FlooringVinyl

Exterior

Exterior FeaturesNone
Lot Size7,288 sqft

Building Information

Year Built1950
Roof Type114

Land Information

APNR106979
Lot Number15
SubdivisionDenison Heights
Land UseResidential
Legal DescriptionDENISON HTS BLK 1 L 15
Census Tract001602
Assessed Land Value$23,350
Assessed Improvement Value$93,641
Assessment Year2025

About this property

This 2-bedroom, 1-bath home offers a simple and practical layout with a great opportunity for an investor or buyer looking for an income-producing property. The home is currently tenant occupied, providing an established rental opportunity from day one. Whether you're looking to add to your rental portfolio or purchase an affordable home, this property is worth a look. Buyer to verify all measurements, schools, and other property information. Showings are subject to tenant availability and proper notice.

Investor Tools

$67,704Estimated Mortgage Balance
$61,296Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$774 /month
Positive
Cash Flow Estimate:
$258 /month

Interested in this property?

Collen Melton

Brick & Loft Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,070
$116,991
2025
$23,350
$93,641
$116,991
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,070
$116,991

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Eustis Mortgage Corp
Conventional
$75,000
No
First
Jul 28, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,704
$61,296
47%
52%
$450/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,240/mo
$450/mo
+$790/mo
11.5%

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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