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$325,000

5231 87th Street, Lubbock, TX, 79424

$325,471 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,570 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.46 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesPrivate Entrance, Private Yard, Storage
Lot Size9,200 sqft

Building Information

Year Built1981
Roof Type105
Garage Spaces2

Land Information

APNR43364
Lot Number1420
SubdivisionThe Meadows
Land UseResidential
Legal DescriptionTHE MEADOWS L 142
Census Tract010410
Assessed Land Value$24,000
Assessed Improvement Value$240,847
Assessment Year2025

About this property

**Offering a $5,000 buyer incentive—use it toward closing costs, rate buy-down, or however your lender allows!** Plenty of space and curb appeal at this well-kept home in The Meadows! Sellers recently installed a new Class 4 composition shingle roof, which may qualify buyers for savings on homeowners insurance and adds peace of mind for years to come. Step inside to a spacious living room with tall ceilings and a brick fireplace offering plenty of room to relax or entertain. The kitchen offers lots of cabinet space, an arched brick cooking alcove faturing a built-in electric range and a breakfast area, while the formal dining room is perfect for family dinners or hosting friends. The oversized utility room provides extra storage, built-in iron board and even includes a desk area. The isolated primary suite is generously sized and features a beautifully updated bathroom with a large walk-in shower, a roomy walk-in closet, and direct access to the covered patio. Both guest bedrooms offer great space and walk-in closets with lights. Downstairs, the basement is full of character with vintage touches, a wet bar, and an office area under the stairs—making it a great spot for a game room, media room, home office, or your own man cave! Out back, you'll find a building with electricity and an overhead door, perfect for a small boat, motorcycle, hobbies, projects, or extra storage. With its great layout and beautiful curb appeal, this is a place you'll be proud to call home. Let's Go See It!!

Investor Tools

$232,831Estimated Mortgage Balance
$111,169Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$325,471
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,064 /month
Positive
Cash Flow Estimate:
$688 /month

Interested in this property?

Travis Torres

Coldwell Banker Trusted Adviso

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$433/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,472
$264,847
2025
$24,000
$240,847
$264,847
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,472
$264,847

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Infinity Mortgage Holdings Llc
Fha
$263,145
Yes
First
Jul 16, 2020
Aug 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,831
$111,169
32%
68%
$1,578/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,440/mo
$1,578/mo
$-138/mo
5.0%

City: Lubbock

5231 87th Street, Lubbock, TX 79424 | Property Details | No Agent List