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$472,500

3708 118th Street, Lubbock, TX, 79423

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,590 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.43 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Range Hood, Stainless Steel Appliance(s)
FlooringCarpet, Luxury Vinyl, Tile

Exterior

Exterior FeaturesAwning(s)
Lot Size8,880 sqft

Building Information

Year Built2020
Roof Type105
Garage Spaces2

Land Information

APNR329133
Lot Number140
SubdivisionHatton Place
Land UseResidential
Legal DescriptionHATTON PLACE L 14
Census Tract010512
Assessed Land Value$57,720
Assessed Improvement Value$403,790
Assessment Year2025

About this property

Beautifully designed home featuring an open-concept floor plan ideal for both everyday living and entertaining. The spacious primary suite offers a luxurious retreat with a large walk-in shower, separate soaking tub, and ample space to unwind. The kitchen is thoughtfully appointed with stainless steel appliances, a farmhouse sink, breakfast bar, and an oversized walk-in pantry complete with a convenient coffee bar. Luxury vinyl flooring adds style and durability to the primary suite and family room, while the secondary bedrooms offer the comfort of carpet. A second isolated bedroom with its own private bath provides flexibility for guests or multi-generational living. Plantation shutters throughout the home add timeless style and sophistication. Enjoy outdoor living with a covered patio and low-maintenance turf backyard, while the front yard is equipped with a sprinkler system for easy upkeep. Conveniently located near shopping and dining, this home combines comfort, functionality, and tasteful finishes throughout.

Investor Tools

$263,480Estimated Mortgage Balance
$216,520Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,880 /month
Positive
Cash Flow Estimate:
$960 /month

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Scott Toman

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$996/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,555
$461,510
2025
$57,720
$403,790
$461,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,555
$461,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$298,400
No
First
Jun 5, 2020
Jul 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$263,480
$216,520
45%
55%
$1,790/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,550/mo
$1,790/mo
$-240/mo
3.9%

Learn About the Market: Opportunity in Texas

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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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