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$175,000

5521 Queens Street, Lubbock, TX, 79407

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range, Microwave
FlooringCarpet

Exterior

Lot Size4,950 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces1

Land Information

APNR353358
SubdivisionLincoln 16
Land UseRes. Lot(S) W/Wo Unoccupied Sfr - Spl. Assmt
Legal DescriptionLINCOLN 16 L 384B
Census Tract000409
Assessed Land Value$24,255
Assessed Improvement Value$98,150
Assessment Year2025

About this property

BUY NOW and get $20k FLEX CASH and a front and back yard sod and sprinkler package on our cottage-style floor plan. These offer the most efficient and affordable use of space, making them the perfect choice for first-time home buyers! The Priscilla floor plan features:Brick and vinyl exterior with covered front entry-way Luxury vinyl plank flooring in the home's common areas. Granite or quartz countertops. Kitchen island with bar seating. Stainless steel appliances. Premium plumbing and lighting fixturesSecluded master suite with walk-in closet.

Investor Tools

Property Icon
$175,000
Estimated Property Value
$0Estimated Mortgage Balance
$59,227Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$73/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$122,405
2025
$24,255
$98,150
$122,405
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$122,405

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Conventional
$118,575
No
First
Jan 29, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,773
$59,227
33%
66%
$711/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,170/mo
$711/mo
+$459/mo
8.0%

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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5521 Queens Street | Property Details | No Agent List