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$900,000

NAL Estimated Property Value

5002 County Road 7640, Lubbock, TX, 79424

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,931 Sq Ft
price_per_sqft$238.79 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Range, Built-In Refrigerator, Disposal, Dishwasher, Free-Standing Gas Range, Free-Standing Range, Microwave
FlooringCarpet, Hardwood

Exterior

Private PoolPrivate Pool
Lot Size1.17 acres

Building Information

Year Built2018
Roof Type105
Garage Spaces3

Land Information

APNR330273
Lot Number550
SubdivisionSouth Fork Ranch
Land UseResidential
Legal DescriptionSOUTH FORK RANCH L 55
Census Tract010514
Assessed Land Value$70,000
Assessed Improvement Value$668,769
Assessment Year2025

About this property

Check out this AMAZING HOME in South Fork Ranch. This 4/3.5/3 Open Concept is a MUST SEE. This One Acre Lot is equipped with a 10 foot deep POOL and a 40x60 Insulated 16 foot BARN with efficiency inside sporting a full kitchen with granite and full bathroom. There is also a fenced off section behind the barn to park trailers or anything needed to keep your yard perfect. New roof May 26, 2020!! Owner is a Texas Licensed Realtor.Important Info: Property features a 600 sq. ft. efficiency with full kitchen and full bath.

Investor Tools

Property Icon
$900,000
Estimated Property Value
$447,742Estimated Mortgage Balance
$452,258Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,400 /month
Positive
Cash Flow Estimate:
$1,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,294/month
$400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,031
$738,769
2025
$70,000
$668,769
$738,769
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,031
$738,769

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
M Squared Financial Llc
Conventional
$505,000
No
First
Jul 29, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$447,742
$452,258
50%
50%
$3,028/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$3,428/mo
$-1,738/mo
2.3%

City: Lubbock

5002 County Road 7640 | Property Details | No Agent List