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$239,000

NAL Estimated Property Value

5417 9th, Lubbock, TX, 79423

$310,700 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,808 Sq Ft
price_per_sqft$51.64 / sqft

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Electric Cooktop
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size7,959 sqft

Building Information

Year Built1962
Roof Type105
Garage Spaces1

Land Information

APNR26258
Lot Number6010
SubdivisionPleasant Ridge
Land UseResidential
Legal DescriptionPLEASANT RIDGE L 601 & E4'OF 600 & W1'OF 602
Census Tract000402
Assessed Land Value$28,000
Assessed Improvement Value$176,523
Assessment Year2025

About this property

HUGE 2808 sq. ft. home! This is a 3 bed, 2 1/2 bath, 2+ living area, huge basement basement with bar, and chiminea included. Currently on a month to month lease with longterm tenants, at $1300 a mo. It will be difficult to find any other home this size, for this price!

Investor Tools

Property Icon
$239,000
Estimated Property Value
$111,820Estimated Mortgage Balance
$127,180Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$310,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$315/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,590
$204,523
2025
$28,000
$176,523
$204,523
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,590
$204,523

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Happy State Bank
Unknown
$131,100
No
First
Jan 15, 2019
Feb 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,820
$127,180
53%
47%
$787/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$787/mo
+$853/mo
8.2%

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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5417 9th | Property Details | No Agent List