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$185,000

5228 16th St, Lubbock, TX, 79416

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,598 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.77 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Microwave, Oven
FlooringCarpet, Luxury Vinyl, Tile

Exterior

Exterior FeaturesPrivate Yard, Storage
Lot Size8,166 sqft

Building Information

Year Built1958
Roof Type105
Garage Spaces2

Land Information

APNR89886
Lot Number1670
SubdivisionAlford Terrace
Land UseResidential
Legal DescriptionALFORD TERRACE L 167
Census Tract000402
Assessed Land Value$28,000
Assessed Improvement Value$171,754
Assessment Year2025

About this property

From the moment you walk through the front door, you'll feel right at home. Sunlight pours through oversized windows, filling every room with warmth and creating an inviting space where life naturally unfolds. Whether you're gathering with family in one of the two spacious living areas, hosting friends around the open kitchen and dining nook, or simply enjoying a quiet evening, this home was designed for making memories. Inside, thoughtful updates blend comfort and style. Luxury vinyl flooring and beautifully updated bathrooms offer a fresh, modern feel, and generously sized bedrooms provide everyone with a place to unwind. More than just a house, this is a place where laughter echoes through open spaces, holiday traditions begin, and ordinary moments become cherished. Picture mornings with a cup of coffee on the covered patio and peaceful evenings watching the breathtaking West Texas sunsets beneath the shade of the covered patio or mature trees. The backyard offers plenty of room to relax, to play, to garden. Schedule your private tour today and make this home yours.

Investor Tools

$124,437Estimated Mortgage Balance
$75,317Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,199 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Christy Jolly

Exit Realty of Lubbock

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$277/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,320
$199,754
2025
$28,000
$171,754
$199,754
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,320
$199,754

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$135,000
No
First
May 25, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,437
$75,317
37%
62%
$810/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$810/mo
+$830/mo
9.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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5228 16th St | Property Details | No Agent List