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$324,000

5602 Fm 179, Lubbock, TX, 79407

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,511 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$129.41 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Microwave, Range
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size34,804 sqft

Building Information

Year Built1977
Roof Type114
Garage Spaces2

Land Information

APNR55595
Land UseResidential
Legal DescriptionBLK D6 SEC 10 AB 849 TR A A1 C & D OF NE/4 AC: .7987
Census Tract010419
Assessed Land Value$14,377
Assessed Improvement Value$262,952
Assessment Year2025

About this property

Country living near the city. This home sets on approx. 1 acre. and is a 3 bedroom/2.5 bath/2 car attached garage w/ multiple parking. You also get a basement & an office with this home. The living room a beamed cathedral ceiling, corner fireplace, with vinyl plank flooring. The kitchen has tile flooring, a breakfast bar, granite counters, light & bright, microwave, & great cabinet/counter space. Relax in the isolated main bedroom that has a queen of Sheba bath. The other two bedrooms are spacious. Get away from it all in the 20x14 basement. The backyard has a covered & a non-covered patio. There is a 30x24 steel workshop with concrete floors and a 30x8 carport. It has plantation shutters, metal soffit/fascia and a class 4 shingle roof. Much of the interior and exterior has been recently painted (3/23).

Investor Tools

Property Icon
$324,000
Estimated Property Value
$319,063Estimated Mortgage Balance
$21,458Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,950 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,865
$277,329
2025
$14,377
$262,952
$277,329
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,865
$277,329

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union Home Mortgage Corp
Fha
$319,063
Yes
First
Jul 12, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$302,542
$21,458
6%
93%
$1,913/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,913/mo
$-488/mo
5.3%

Learn About the Market: Opportunity in Texas

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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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5602 Fm 179 | Property Details | No Agent List