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$224,000

NAL Estimated Property Value

516 N Iola Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,725 Sq Ft
price_per_sqft$86.9 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range, Microwave
FlooringCarpet, Tile

Exterior

Lot Size5,500 sqft

Building Information

Year Built2003
Roof Type105
Garage Spaces2

Land Information

APNR166486
Lot Number3680
SubdivisionShadow Hills
Land UseResidential
Legal DescriptionSHADOW HILLS L 368
Census Tract010417
Assessed Land Value$9,000
Assessed Improvement Value$204,337
Assessment Year2025

About this property

Really cute home in North Lubbock! This home would be perfect for a first time home buyer, or investor looking for an excellent rental! Pre-inspected, new roof coming next week, and space for the whole family! One of the few in the neighborhood that has an office space! Don't miss this one!

Investor Tools

Property Icon
$224,000
Estimated Property Value
$0Estimated Mortgage Balance
$224,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$364/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,247
$213,337
2025
$9,000
$204,337
$213,337
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,247
$213,337

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$224,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
8.8%

City: Lubbock

516 N Iola Ave | Property Details | No Agent List