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$150,000

606 Bangor Avenue, Lubbock, TX, 79416

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,203 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.69 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesElectric Oven, Free-Standing Range, Microwave
FlooringVinyl

Exterior

Exterior FeaturesNone
Lot Size7,335 sqft

Building Information

Year Built1964
Roof Type105
Garage Spaces1

Land Information

APNR28812
Lot Number7090
SubdivisionPleasant Ridge
Land UseResidential
Legal DescriptionPLEASANT RIDGE L 709 & S2'OF 708
Census Tract000402
Assessed Land Value$12,540
Assessed Improvement Value$107,085
Assessment Year2025

About this property

Move-in-ready and conveniently located near Texas Tech University and Lubbock Christian University, this updated Lubbock home features vinyl plank flooring, fresh paint, spacious bedrooms, and strong rental potential. Affordable, low-maintenance, and full of opportunity. Come see it today!

Investor Tools

$87,820Estimated Mortgage Balance
$70,180Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$948 /month
Positive
Cash Flow Estimate:
$316 /month

Interested in this property?

Jim Archer

Steadfast Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$247/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,172
$119,625
2025
$12,540
$107,085
$119,625
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,172
$119,625

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Finance Of America Mortgage Llc
Unknown
$95,275
No
First
Mar 10, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$87,820
$70,180
44%
56%
$572/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$572/mo
+$1,068/mo
12.5%

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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606 Bangor Avenue | Property Details | No Agent List