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Days39Days on Market
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$150,000

5758 38th Street, Lubbock, TX, 79407

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,524 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$98.43 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size2,109 sqft

Building Information

Year Built1972
Roof Type105
Garage Spaces2

Land Information

APNR84174
Lot Number1280
SubdivisionTown West
Land UseResidential
Legal DescriptionTOWN WEST L 128
Census Tract001710
Assessed Land Value$21,000
Assessed Improvement Value$125,268
Assessment Year2025

About this property

Welcome home! This beautifully remodeled townhome is ready for a new owner. Currently rented at $1325 a month, on month to month term, With new flooring, paint, and landscaping done, it is a great addition to any portfolio, or great home for a family! The property comes with 3 large bedrooms, 2 bathrooms, enclosed patio in backyard, and great size kitchen, and eating area. This property is in a great location in Lubbock, with easy access to Marsha Sharp freeway, and Loop 289. Also down the street from Home Depot, Costco, and tons of other shopping! Photos are prior to tenant.

Investor Tools

$695,894Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$924 /month
Positive
Cash Flow Estimate:
$308 /month

Interested in this property?

Travis Turner

Brick & Loft Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$299/month
$700/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,812
$146,268
2025
$21,000
$125,268
$146,268
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,812
$146,268

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Unknown
$794,750
No
First
Jan 24, 2020
Jan 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$695,894
N/A
0%
452%
$4,765/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$5,465/mo
$-4,040/mo
11.1%

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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5758 38th Street | Property Details | No Agent List