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$232,000

5613 Grinnell St, Lubbock, TX, 79416

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,983 Sq Ft
DuplexDuplex
price_per_sqft$75.64 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Washer

Exterior

Lot Size6,720 sqft

Building Information

Year Built2003
Roof Type105
Garage Spaces513

Land Information

APNR42802
Lot Number1340
SubdivisionWestern Estates
Land UseResidential
Legal DescriptionWESTERN ESTATES L 134 LESS S14.6'
Census Tract000409
Assessed Land Value$3,300
Assessed Improvement Value$166,751
Assessment Year2025

About this property

Great duplex built in 2003 that is close to Tech and the medical community. Each side offers 2 bedrooms and 2 full bath plus a 1 car garage. Open concept design and cute yards. This property can also be bought with several other investment properties.

Investor Tools

Property Icon
$232,000
Estimated Property Value
$114,000Estimated Mortgage Balance
$139,310Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,392 /month
Positive
Cash Flow Estimate:
$464 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,088
$170,051
2025
$3,300
$166,751
$170,051
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,088
$170,051

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aimbank
Reverse Mortgage / Hecm
$114,000
No
First
May 15, 2017
May 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$92,690
$139,310
60%
40%
$684/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$684/mo
+$1,236/mo
9.9%

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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5613 Grinnell St | Property Details | No Agent List