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$125,000

4804 38th Street, Lubbock, TX, 79414

PendingInfo
Beds3 Beds
Baths1 Bath
Baths1,210 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.31 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDisposal, Dishwasher, Electric Oven, Electric Range

Exterior

Exterior FeaturesPrivate Yard
Lot Size6,375 sqft

Building Information

Year Built1952
Roof Type105
Garage Spaces231

Land Information

APNR101755
Lot Number200
SubdivisionHillcrest
Land UseResidential
Legal DescriptionHILLCREST BLK 16 W50'OF L 12
Census Tract001805
Assessed Land Value$23,000
Assessed Improvement Value$82,528
Assessment Year2025

About this property

You will feel at home from the moment you pull up to this incredibly charming house! From the welcoming front porch with a swing to the custom finishes throughout, this completely remodeled 2-bed/1-bath + office (or 3-bed) home is the one you've been waiting for. No carpet anywhere — just vinyl plank flooring, all-new windows, and fresh paint inside and out. The kitchen stuns with black cabinets, white counters, stainless appliances, and a black honeycomb backsplash. The cozy living room features a faux fireplace, and custom lighting and finishes give every room a designer touch. The bathroom feels like luxury with custom wallpaper & bead board, an elevated tile tub surround, & sleek finishes. Out back, enjoy a large private yard with two patios (one covered) and a new privacy fence. Major updates include a recent roof, 12+ inches of attic insulation, new hot water heater, and updated PVC/PEX plumbing. Perfectly modern, perfectly cozy — this one truly feels like home.

Investor Tools

$67,215Estimated Mortgage Balance
$38,785Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$750 /month
Positive
Cash Flow Estimate:
$250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$109/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$773
$93,742
2025
$23,000
$82,528
$105,528
No

Tax History

Year
Tax Paid
Assessed Value
2024
$773
$93,742

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
T2 Financial Llc
Conventional
$71,250
No
First
Apr 7, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,215
$38,785
36%
63%
$428/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$428/mo
+$997/mo
16.1%

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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