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$187,000

NAL Estimated Property Value

5531 1st Street, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,506 Sq Ft
price_per_sqft$127.82 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Free-Standing Gas Range, Microwave
FlooringVinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,280 sqft

Building Information

Year Built1973
Roof Type105
Garage Spaces2

Land Information

APNR84850
Lot Number1480
SubdivisionWest Wind
Land UseResidential
Legal DescriptionWEST WIND L 148
Census Tract000411
Assessed Land Value$5,525
Assessed Improvement Value$176,100
Assessment Year2025

About this property

Located in a prime spot with quick access to Texas Tech, LCU, shopping, dining, and Loop 289, this 3 bedroom, 2 bath, 2 car garage home was updated just a few years ago. This is one you need to see in person. Inside, you'll find an isolated primary suite, durable vinyl plank flooring, updated paint, upgraded windows and exterior doors, extra insulation, updated light fixtures, and a gas range that makes the kitchen both functional and inviting. The fireplace insert adds a cozy touch to the living area, while the large backyard gives you plenty of room to relax, entertain, or make it your own. Whether you're looking for a personal home or an investment opportunity close to everything Lubbock has to offer, this one checks a lot of boxes. Call today for your private showing!

Investor Tools

Property Icon
$187,000
Estimated Property Value
$0Estimated Mortgage Balance
$187,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,155 /month
Positive
Cash Flow Estimate:
$385 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,298
$181,625
2025
$5,525
$176,100
$181,625
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,298
$181,625

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$187,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
10.5%

City: Lubbock

5531 1st Street | Property Details | No Agent List