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$187,000

NAL Estimated Property Value

4304 56th Street, Lubbock, TX, 79413

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,592 Sq Ft
price_per_sqft$100.5 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Dishwasher, Electric Cooktop, Refrigerator, Range Hood, Gas Water Heater
FlooringCeramic Tile, Carpet, Laminate

Exterior

Exterior FeaturesNone
Lot Size7,112 sqft

Building Information

Year Built1966
Roof Type105
Garage Spaces2

Land Information

APNR121058
SubdivisionPlainsmen
Land UseResidential
Legal DescriptionPLAINSMEN E5'OF L 68 & W55.20' OF 69
Census Tract001907
Assessed Land Value$28,000
Assessed Improvement Value$155,667
Assessment Year2025

About this property

Looking for a Flip Opportunity in Lubbock, TX. Check out this 4 bedrooms, 2 bath, 2 car garage home with a Brand NEW class 3 impact resistant roof with a lifetime workmanship warranty with LBK Roofing. Roof installed March 2025. Windows were installed in February 2008. Large living room with gas fireplace. Open dining with extended kitchen flowing into utility room. Storage shed in back yard. Transferable home warranty with American Home Shield until May 2025. This home is also located just minutes from medical district, shopping and Lubbock ISD Schools. Sellers are Selling As-Is. Schedule your showing today!

Investor Tools

Property Icon
$187,000
Estimated Property Value
$141,465Estimated Mortgage Balance
$45,535Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,122 /month
Positive
Cash Flow Estimate:
$374 /month

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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
$1,774
$167,990
2025
$28,000
$155,667
$183,667
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,774
$167,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nqm Funding Llc
Conventional
$144,000
No
First
May 22, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,465
$45,535
24%
76%
$864/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$864/mo
+$806/mo
10.7%

City: Lubbock