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$150,000

NAL Estimated Property Value

4631 Grinnell St, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,212 Sq Ft
price_per_sqft$78.38 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Dishwasher, Free-Standing Range, Water Purifier, Water Purifier Owned, Water Softener, Water Softener Owned

Exterior

Lot Size6,810 sqft

Building Information

Year Built1979
Roof Type105
Garage Spaces1

Land Information

APNR120987
Lot Number4150
SubdivisionDepauw Mclarty
Land UseResidential
Legal DescriptionDEPAUW MCLARTY E23'OF L 414 & W37'OF 415
Census Tract000409
Assessed Land Value$3,300
Assessed Improvement Value$116,700
Assessment Year2025

About this property

Get more for your money, convenience and comfort with this First Time Home Buyer Delight. Great property conveniently located close to Wayland Baptist, LCU, Texas Tech and the Medical District. Perfect for students or first time home buyers. Tons of storage in the kitchen and features a tile back splash. Additional updates include Water Softener, Reverse Osmosis Drinking Water System, New Hot Water Heater as well as a 16' x 8' Storage Building or SHE SHED if you prefer which features 2 Loft Areas. Don't let this Budget Friendly Find pass you by.

Investor Tools

Property Icon
$150,000
Estimated Property Value
$105,119Estimated Mortgage Balance
$44,881Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$180/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,414
$120,000
2025
$3,300
$116,700
$120,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,414
$120,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sofi Bank Na
Conventional
$108,000
No
First
Nov 8, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$105,119
$44,881
29%
70%
$648/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$648/mo
+$992/mo
13.1%

City: Lubbock

4631 Grinnell St | Property Details | No Agent List