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$228,000

NAL Estimated Property Value

508 N Homestead Ave, Lubbock, TX, 79416

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,654 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.06 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size9,108 sqft

Building Information

Year Built1984
Roof Type114
Garage Spaces2

Land Information

APNR100857
Lot Number1310
SubdivisionShadow Hills
Land UseResidential
Legal DescriptionSHADOW HILLS L 131
Census Tract010417
Assessed Land Value$13,662
Assessed Improvement Value$190,132
Assessment Year2025

About this property

OPEN HOUSE 11/5 & 11/6 2-4 PM!! Beautifully updated 4 bedroom home in Shadow Hills! What a fabulous price on this well cared for home located on a quiet block in the Frenship school district. You will love the spacious bedrooms, the isolated primary bedroom with a walk in closet, new flooring, new granite and backsplash in kitchen, and new paint throughout the home! The living room is inviting and features a lovely brick fireplace. The huge backyard has unlimited possibilities. Don't miss out on seeing this gem in a popular subdivision.

Investor Tools

Property Icon
$228,000
Estimated Property Value
$211,564Estimated Mortgage Balance
$16,436Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,380 /month
Positive
Cash Flow Estimate:
$460 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$363/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,219
$203,794
2025
$13,662
$190,132
$203,794
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,219
$203,794

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Fha
$225,834
Yes
First
Dec 6, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,564
$16,436
7%
93%
$1,354/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$1,354/mo
+$566/mo
10.1%

City: Lubbock

508 N Homestead Ave | Property Details | No Agent List