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B+
NoAgentList RatingHow are grades calculated?Info
Days57Days on Market
Views1view
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$199,900

5517 16th Place, Lubbock, TX, 79416

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,139 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$93.45 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Dishwasher, Electric Cooktop, Microwave, Oven

Exterior

Exterior FeaturesStorage
Lot Size7,229 sqft

Building Information

Year Built1965
Roof Type105
Garage Spaces1

Land Information

APNR88310
Lot Number1010
SubdivisionTracy Heights
Land UseResidential
Legal DescriptionTRACY HEIGHTS L 101
Census Tract000402
Assessed Land Value$25,000
Assessed Improvement Value$158,698
Assessment Year2025

About this property

Welcome to this wonderful home, perfect for any buyer needing space in an established neighborhood close to the Loop, shopping, medical district, LCU & TTU. This home has a sitting area at the front of the home, a large family room in the back, and a large separate laundry room. A total of 4 bedrooms, an isolated primary bedroom at the back of the home and 3 bedrooms in the front. Updated kitchen with tons of storage and an island, double ovens, microwave, and counterspace!

Investor Tools

$67,412Estimated Mortgage Balance
$133,588Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,206 /month
Positive
Cash Flow Estimate:
$402 /month

Interested in this property?

Leigh Anne Brozo

Lubbock Homestead Realty Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$374/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,480
$183,698
2025
$25,000
$158,698
$183,698
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,480
$183,698

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aimbank
Open End Mortgage / Open End With Future Advance Clause
$88,000
No
First
Jul 10, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$67,412
$133,588
66%
34%
$528/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$528/mo
+$1,392/mo
11.5%

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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