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$379,900

5720 78th Street, Lubbock, TX, 79424

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths3,670 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.51 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher, Instant Hot Water, Microwave, Water Softener, Water Softener Owned, Tankless Water Heater
FlooringCarpet, Hardwood, Tile

Exterior

Exterior FeaturesPrivate Yard
Lot Size10,350 sqft

Building Information

Year Built1978
Garage Spaces3

Land Information

APNR79302
Lot Number6260
SubdivisionFarrar Estates
Land UseResidential
Legal DescriptionFARRAR ESTATES L 626 & E5'OF 625
Census Tract001713
Assessed Land Value$13,500
Assessed Improvement Value$346,006
Assessment Year2025

About this property

Beautiful and spacious! Welcome to this lovely 4/2/3 home with a basement in Farrar Estates! This nicely updated home is located on a non-busy corner lot featuring a 3 car garage on the side of the home. You will be impressed with the amount of upgrades and improvements in this home the moment you step inside! The light and bright kitchen is found on the front of the home with a view to the front yard. In addition to the formal dining room, there is also a built in eating area off of the kitchen. In this same space, you will find a well appointed built in desk area. Not only is the living room large with a cathedral ceiling, but there is also a huge basement which offers a second living space. The isolated master suite has so much room, a walk in closet, and an updated en-suite bathroom. The 3 extra bedrooms are also large with good storage, and the extra bathroom has been nicely updated. The backyard is serene and has space for a pool or shop/shed.Don't miss seeing this fabulous home!

Investor Tools

Property Icon
$380,000
Estimated Property Value
$0Estimated Mortgage Balance
$210,226Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,280 /month
Positive
Cash Flow Estimate:
$760 /month

Interested in this property?

Rhonda Vanderburg

WestMark Companies

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$565/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,881
$350,679
2025
$13,500
$346,006
$359,506
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,881
$350,679

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Fha
$217,880
Yes
First
Jan 29, 2016
Feb 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$169,774
$210,226
55%
45%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
N/A
+$1,690/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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5720 78th Street | Property Details | No Agent List