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$230,000

NAL Estimated Property Value

5217 8th Street, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,812 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.93 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

BankruptcyOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Free-Standing Electric Range
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size9,216 sqft

Building Information

Year Built1959
Roof Type105
Garage Spaces2

Land Information

APNR133298
Lot Number1830
SubdivisionPleasant Ridge
Land UseResidential
Legal DescriptionPLEASANT RIDGE L 397 & W2'OF 396 & E3'OF 398
Census Tract000402
Assessed Land Value$28,000
Assessed Improvement Value$178,348
Assessment Year2025

About this property

Updated and move-in ready with 5K concession! This conveniently located 3 bedroom, 2 bathroom home now features new flooring throughout the main living areas, updated countertops, and a beautifully refreshed hall bathroom. Filled with natural light from the abundance of windows, this home offers a warm and inviting feel from the moment you walk in. The spacious bedrooms provide plenty of comfort, while the dining area is perfect for entertaining family and friends. Step outside to enjoy a generously sized backyard with endless possibilities for relaxing or hosting gatherings. Ideally situated near North Loop 289, this home offers quick access to shopping, dining, Texas Tech University, and Texas Tech Health Sciences Center, making it a great option for homeowners, students, or investors alike. Don't miss your opportunity to see this updated home — schedule your private tour today before it's gone!

Investor Tools

Property Icon
$206,348
Estimated Property Value
$98,342Estimated Mortgage Balance
$108,006Estimated Equity
52% 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
$389/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,642
$206,348
2025
$28,000
$178,348
$206,348
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,642
$206,348

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$117,450
No
First
May 21, 2018
Jun 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$98,342
$108,006
52%
48%
$705/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$705/mo
+$935/mo
9.5%

City: Lubbock

5217 8th Street | Property Details | No Agent List