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$241,000

NAL Estimated Property Value

5525 Queens Street, Lubbock, TX, 79416

$248,724 ARVInfo
Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,700 Sq Ft
price_per_sqft$140 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
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 Spaces2

Land Information

APNR353359
SubdivisionLincoln 16
Land UseSingle Family Residential
Legal DescriptionLINCOLN 16 L 385B
Census Tract000409
Assessed Land Value$24,255
Assessed Improvement Value$166,840
Assessment Year2025

About this property

BUY NOW and get $20k FLEX CASH and a front and back yard sod and sprinkler package on our Paisley floor plan! This is an excellent investment offering the most efficient and affordable use of space for home buyers in need of more room! The Paisley floor plan features:Brick exterior with cedar accents and a covered entryway. Luxury vinyl plank flooring in the home's common areas. Open-concept kitchen, living, and dining area. Granite countertops throughout. Spacious kitchen island with bar seating. Stainless steel appliances. Enclosed pantry. Premium plumbing and lighting fixtures. Secluded master suite with walk-in closet and double vanity. Covered back patio.

Investor Tools

Property Icon
$241,000
Estimated Property Value
$348,844Estimated Mortgage Balance
$241,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$248,723
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,446 /month
Positive
Cash Flow Estimate:
$482 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$100/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$191,095
2025
$24,255
$166,840
$191,095
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$191,095

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$177,820
No
First
Apr 4, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$348,844
N/A
0%
145%
$2,134/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$2,134/mo
$-214/mo
9.6%

City: Lubbock

5525 Queens Street | Property Details | No Agent List