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$220,000

NAL Estimated Property Value

506 N Gardner Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,587 Sq Ft
price_per_sqft$91.34 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Double Oven, Dishwasher, Electric Cooktop, Microwave

Exterior

Exterior FeaturesBarbecue, Outdoor Grill
Lot Size9,600 sqft

Building Information

Year Built1985
Roof Type105
Garage Spaces2

Land Information

APNR97807
Lot Number190
SubdivisionShadow Hills
Land UseResidential
Legal DescriptionSHADOW HILLS L 19
Census Tract010417
Assessed Land Value$14,400
Assessed Improvement Value$177,617
Assessment Year2025

About this property

Great home in Shadow Hills area...Wonderful outdoor kitchen..New carpet in master bedroom..fresh paint throughout house..Large mature trees...Two storage building..Hurry, wont last long!

Investor Tools

Property Icon
$220,000
Estimated Property Value
$112,409Estimated Mortgage Balance
$107,591Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$334/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,910
$192,017
2025
$14,400
$177,617
$192,017
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,910
$192,017

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primewest Mortgage Corp
Fha
$140,409
Yes
First
Nov 8, 2016
Dec 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$112,409
$107,591
48%
51%
$842/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$842/mo
+$798/mo
8.9%

City: Lubbock

506 N Gardner Ave | Property Details | No Agent List