Last 24 Hours
$110,000
3801 40th St, Lubbock, TX, 79413
$143,000 ARV
On Market
Just Added
3 Beds
2 Bath
2,377 Sq Ft
Single Family Residence
$46.28 / sqft
Built in 1955Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 3
Bathrooms Full 2
Indoor Fireplace
Heating Central
CoolingExterior
Exterior FeaturesNone
Lot Size9,751 sqft
Building Information
Year Built1955
Roof Type183
Land Information
APNR100355
Lot Number1
SubdivisionSunny Hill
Land UseResidential
Legal DescriptionSUNNY HILL BLK 15 L 1
Census Tract001905
Assessed Land Value$33,000
Assessed Improvement Value$194,263
Assessment Year2025
About this property
Investor Dream in Lubbock, Texas. This handyman special is only minutes from Texas Tech University and the medical district, so it is a perfect choice for a buyer wanting to put in some sweat equity. Priced to Sell!
Investor Tools
$0Estimated Mortgage Balance
$227,263Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$143,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,364 /month
Positive
Cash Flow Estimate:
$455 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$430/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,021
$227,263
2025
$33,000
$194,263
$227,263
Yes (2023)
Tax History
Year
Tax Paid
Assessed Value
2025
$4,021
$227,263
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$227,263
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
N/A
+$1,670/mo
8.8%
12.4%