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$124,000

NAL Estimated Property Value

4608 55th Drive B, Lubbock, TX, 79414

$142,257 ARVInfo
Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,655 Sq Ft
price_per_sqft$51.36 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Range

Exterior

Lot Size3,107 sqft

Building Information

Year Built1978
Roof Type105
Garage Spaces1

Land Information

APNR89461
Lot Number90
SubdivisionSundowner
Land UseResidential
Legal DescriptionSUNDOWNER UNIT 9-D OF E-11 OF L 8-13 SUNPORT CONDOS
Census Tract001807
Assessed Land Value$20,500
Assessed Improvement Value$98,819
Assessment Year2025

About this property

Wonderful condo with view of park & playa lake out your front window! This spacious 2 bedroom condo features downstairs living area plus upstairs loft! Large master bedroom provides great storage. 2nd bedroom features upstairs balcony that overlooks park & playa lake. Other features include: warm colors, plantation shutters, small-side yard w/ patio & community pool!

Investor Tools

Property Icon
$124,000
Estimated Property Value
$58,605Estimated Mortgage Balance
$65,395Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$142,257
Rent-to-Value Ratio: 0.72%
Rent Estimate
$744 /month
Positive
Cash Flow Estimate:
$248 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
$2,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,113
$119,319
2025
$20,500
$98,819
$119,319
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,113
$119,319

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Arm (Adjustable Rate Mortgage)
$72,000
No
First
Apr 10, 2017
May 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,605
$65,395
52%
47%
$349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$2,449/mo
$-1,432/mo
9.8%

City: Lubbock

4608 55th Drive B | Property Details | No Agent List