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$117,000

NAL Estimated Property Value

4803 Detroit Ave, Lubbock, TX, 79413

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,064 Sq Ft
price_per_sqft$44.17 / sqft
Year BuiltBuilt in 1953

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Free-Standing Range

Exterior

Lot Size7,560 sqft

Building Information

Year Built1953
Roof Type105

Land Information

APNR82135
Lot Number13
SubdivisionModern Manors Resub
Land UseResidential
Legal DescriptionMODERN MANORS RES BLK 27 L 13
Census Tract002002
Assessed Land Value$21,500
Assessed Improvement Value$84,170
Assessment Year2025

About this property

Great investment opportunity! 3 bedrooms, 1 bathroom, and 2 large storage sheds with electricity located in the large backyard. So much potential! Property to be sold AS-IS.This property may qualify for Seller Financing (Vendee). Property was built prior to 1978 and lead based paint may potentially exist. Please have all offers to Listing Agent by Wednesday, 5/29/19 @ 12:00pm.

Investor Tools

Property Icon
$117,000
Estimated Property Value
$68,346Estimated Mortgage Balance
$48,654Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$702 /month
Positive
Cash Flow Estimate:
$234 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$213/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,972
$105,670
2025
$21,500
$84,170
$105,670
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,972
$105,670

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The City National Bank Of Colorado City
Commercial
$70,000
No
First
Jan 23, 2025
Feb 2030

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$68,346
$48,654
41%
58%
$420/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,670/mo
$420/mo
+$1,250/mo
17.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Lubbock

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4803 Detroit Ave | Property Details | No Agent List