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$159,900

5751 38th Street, Lubbock, TX, 79407

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,428 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$111.97 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringCarpet

Exterior

Exterior FeaturesNone
Lot Size2,109 sqft

Building Information

Year Built1974
Roof Type105
Garage Spaces2

Land Information

APNR84610
Lot Number1430
SubdivisionTown West
Land UseResidential
Legal DescriptionTOWN WEST L 143
Census Tract001710
Assessed Land Value$21,000
Assessed Improvement Value$113,069
Assessment Year2025

About this property

Located on a quiet street off the West Loop, this 3/2.5/2 has been remodeled and is truly unique! Updates include fresh paint inside-and-out, new flooring throughout, new water heater, granite counters and sinks in kitchen and bathrooms, and a new roof is coming soon! Rear entry garage with paved alley. Interior atrium. This hidden gem block, Town West, has access to a private pool and park area across the street. HOA takes care of all front mowing. If you are looking for a property with character this is definitely one you want to tour!

Investor Tools

$37,240Estimated Mortgage Balance
$112,760Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$959 /month
Positive
Cash Flow Estimate:
$320 /month

Interested in this property?

Lia Irvin

Condor Property Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$265/month
$720/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,435
$134,069
2025
$21,000
$113,069
$134,069
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,435
$134,069

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Security Bank Lubbock Branch
Open End Mortgage / Open End With Future Advance Clause
$53,125
No
First
Mar 20, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$37,240
$112,760
75%
25%
$319/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,039/mo
+$386/mo
11.4%

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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5751 38th Street | Property Details | No Agent List