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$185,000

5528 Lehigh Street, Lubbock, TX, 79416

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,407 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$131.49 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Free-Standing Electric Range, Microwave, Refrigerator
FlooringCarpet, Plank, Vinyl

Exterior

Exterior FeaturesAwning(s)
Lot Size3,150 sqft

Building Information

Year Built2021
Roof Type105
Garage Spaces1

Land Information

APNR335119
Lot Number640
SubdivisionLincoln 16
Land UseResidential
Legal DescriptionLINCOLN 16 L 64
Census Tract000409
Assessed Land Value$22,050
Assessed Improvement Value$156,290
Assessment Year2025

About this property

Very nice 2 bedroom townhome in great location for Texas Tech, Medical facilities and minutes away from great shopping and restaurants. With the location, it has been a great place for parents, students and folks in the medical fields. The furnishings can be sold with an acceptable offer. This unit can also be sold together with the unit next door. Very open floor plan with the kitchen and the living room. Granite countertops throughout the kitchen and bathrooms. Breakfast bar, freestanding range, microwave, dishwasher and it even has a fridge for your convenience. Both bedrooms are isolated and one of the bathrooms has a shower/tub combo and the other has a walk in shower. Both bedrooms have walk in closets. Back patio is covered and a small turf area for a pet. Front yard is turf and Xeriscaping for low maintenance.

Investor Tools

$115,484Estimated Mortgage Balance
$67,516Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

Interested in this property?

Scott Toman

Realty Refined

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$360/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,407
$178,340
2025
$22,050
$156,290
$178,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,407
$178,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Building Or Construction Loan
$129,200
No
First
Nov 5, 2020
Nov 2021

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$115,484
$67,516
36%
63%
$775/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,170/mo
$775/mo
+$395/mo
7.7%

City: Lubbock

5528 Lehigh Street, Lubbock, TX 79416 | Property Details | No Agent List