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$198,000

NAL Estimated Property Value

5209 41st Street, Lubbock, TX, 79414

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,526 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.06 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Disposal, Dishwasher, Electric Cooktop, Electric Range, Microwave, Refrigerator, Stainless Steel Appliance(s), Gas Water Heater
FlooringVinyl

Exterior

Exterior FeaturesAwning(s), Private Yard, Storage
Lot Size7,560 sqft

Building Information

Year Built1961
Roof Type105

Land Information

APNR33605
Lot Number1230
SubdivisionIndian Hills
Land UseResidential
Legal DescriptionINDIAN HILLS L 123
Census Tract001709
Assessed Land Value$24,500
Assessed Improvement Value$102,083
Assessment Year2025

About this property

Step into comfort and charm with this inviting 4-bedroom, 2-bath home that perfectly blends functionality with a warm, homey feel. From the moment you walk in, you'll notice the welcoming atmosphere and thoughtfully designed layout, ideal for both everyday living and entertaining. The spacious living areas offer plenty of room to relax, while the 4 well-sized bedrooms provide flexibility for family, guests, or even a home office. Storage is abundant throughout the home, making it easy to stay organized and clutter-free. Out back, enjoy a covered patio that's perfect for morning coffee, evening gatherings, or simply unwinding after a long day. For added peace of mind, the property also features a storm cellar, an essential and valuable addition. The back also contains a large storage room, 2 storage sheds and large tree to provide some more shade. Lastly this home is within 5 miles of Texas Tech University. Whether you're looking for space, comfort, or practicality, this home checks all the boxes.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$165,657Estimated Mortgage Balance
$32,343Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,807
$126,583
2025
$24,500
$102,083
$126,583
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,807
$126,583

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Community National Bank
Purchase Money Mortgage
$175,000
No
First
Jun 19, 2023
Sep 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$165,657
$32,343
16%
84%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$1,050/mo
+$622/mo
10.1%

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.

Explore Texas Explore This Area
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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5209 41st Street | Property Details | No Agent List