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$150,000

NAL Estimated Property Value

5017 62nd St, Lubbock, TX, 79414

SoldInfo
7/27/26
Beds2 Beds
Baths1 Bath
Baths1,056 Sq Ft
price_per_sqft$141.95 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesFree-Standing Electric Range
FlooringCarpet, Tile

Exterior

Exterior FeaturesNone
Lot Size7,350 sqft

Building Information

Year Built1986
Roof Type114
Garage Spaces1

Land Information

APNR117602
Lot Number3
SubdivisionAvalon
Land UseResidential
Legal DescriptionAVALON BLK 8 L 3
Census Tract001808
Assessed Land Value$35,000
Assessed Improvement Value$97,662
Assessment Year2025

About this property

Adorable 2-Bedroom, 1-Bath Home with Air-Conditioned Workshop & Bonus Outbuildings! Don't miss this charming, move-in-ready home located in a well-maintained neighborhood within walking distance of South Plains Mall. This adorable 2-bedroom, 1-bath residence offers the perfect blend of comfort, convenience, and functionality. Pride of ownership is evident throughout, with thoughtful upkeep and inviting living spaces that make you feel at home from the moment you arrive. A rare highlight of this property is the backyard setup, featuring two outbuildings, including an air-conditioned workshop—ideal for hobbies, crafts, a home business, fitness space, storage, or a private retreat. The additional air-conditioned outbuilding provides even more flexibility to suit your needs. Whether you're a first-time buyer, student,or looking for an investment opportunity, this property offers exceptional value in a desirable location close to shopping, dining, and everyday conveniences. Homes with this combination of charm, location, and versatile bonus spaces don't come along often—schedule your showing today!

Investor Tools

Property Icon
$150,000
Estimated Property Value
$119,919Estimated Mortgage Balance
$30,302Estimated Equity
24% 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
$162/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,196
$132,531
2025
$35,000
$97,662
$132,662
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,196
$132,531

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Fha
$130,099
Yes
First
Apr 19, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,919
$38,081
24%
80%
$781/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,017/mo
$781/mo
+$236/mo
8.1%

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.

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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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5017 62nd St | Property Details | No Agent List