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$279,000

4401 28th Street, Lubbock, TX, 79410

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,149 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.83 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Heating CentralHeating Central
CoolingCooling

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,870 sqft

Building Information

Year Built1961
Roof Type105

Land Information

APNR41037
Lot Number340
SubdivisionBender Terrace
Land UseResidential
Legal DescriptionBENDER TERRACE L 34
Census Tract001601
Assessed Land Value$30,000
Assessed Improvement Value$148,259
Assessment Year2025

About this property

Investor Opportunity with Exceptional Cash-Flow Potential! Welcome to 4401 28th Street, a spacious 4-bedroom, 3-bathroom home situated on a desirable corner lot in an established Lubbock neighborhood. Whether you're looking for your next investment property or a home with room to add value, this property offers an outstanding opportunity with strong upside potential. This home has been an incredible student rental for years, consistently attracting tenants thanks to its functional layout, generous living spaces, and prime location near Texas Tech University. Inside, you'll find a versatile floor plan with abundant natural light, spacious bedrooms, and plenty of room for roommates, guests, or a growing family. For investors, the property presents a great value-add opportunity with significant potential to increase income and equity over time, making it an attractive addition to any portfolio. Outside, you'll appreciate the beautiful landscaping, a welcoming backyard retreat featuring a large patio with attractive decking, and a huge storage shed that provides ample space for tools, equipment, or additional storage needs. The spacious yard offers plenty of room for entertaining, relaxing, or enjoying West Texas evenings. Conveniently located near Texas Tech University, shopping, dining, parks, schools, and major roadways, 4401 28th Street combines location, functionality, and investment potential. With its proven rental history and tremendous cash-flow opportunity, this property is ideal for investors, owner-occupants, or parents looking to house students near campus. The property is also available for lease at $2,500 per month, creating additional flexibility and income potential. Don't miss this rare opportunity--schedule your private showing today!

Investor Tools

$98,712Estimated Mortgage Balance
$187,288Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,716 /month
Positive
Cash Flow Estimate:
$572 /month

Interested in this property?

Michael Norsworthy

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$369/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,002
$178,259
2025
$30,000
$148,259
$178,259
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,002
$178,259

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometrust Mortgage Co
Conventional
$123,300
No
First
Dec 19, 2016
Jan 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,712
$187,288
65%
35%
$740/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$740/mo
+$1,300/mo
8.6%

City: Lubbock