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$361,000

NAL Estimated Property Value

5624 County Road 6220, Lubbock, TX, 79415

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,609 Sq Ft
price_per_sqft$63.2 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDisposal
FlooringTile

Exterior

Lot Size2.50 acres

Building Information

Year Built2005
Roof Type105

Land Information

APNR68821
Lot Number300
Land UseResidential
Legal DescriptionBLK JS SEC 22 AB 1425 TR A6 AC: 2.5
Census Tract010301
Assessed Land Value$22,500
Assessed Improvement Value$212,227
Assessment Year2025

About this property

Awesome Opportunity to have Country Living! With 2.5 Acres, this 3 Bed 2 Bath with 3 living areas is nested away on a cul-de-sac! Spacious Kitchen with Island, Pantry and tons of cabinets. Living Room has corner Stone Fireplace. Isolated Master with Special Ceilings, Walkin Closet & Double Vanities. Bedrooms 2 & 3 Share 2nd bath. 3 Living Areas, where 1 can be used as an office! AWESOME 40 x 40 Workshop w/Electricity and 2 Garage Doors. Storage Shed. Covered Patio in back. Come check it out before its too late!

Investor Tools

Property Icon
$361,000
Estimated Property Value
$198,488Estimated Mortgage Balance
$162,512Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$430/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,356
$234,727
2025
$22,500
$212,227
$234,727
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,356
$234,727

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Cu
Conventional
$204,250
No
First
Oct 11, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,488
$162,512
45%
55%
$1,225/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,225/mo
+$200/mo
4.7%

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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5624 County Road 6220 | Property Details | No Agent List