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$218,000

606 N Elkhart Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,290 Sq Ft
DuplexDuplex
price_per_sqft$54.59 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

BankruptcyOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Refrigerator

Exterior

Lot Size7,280 sqft

Building Information

Year Built1976
Roof Type105
Garage Spaces636

Land Information

APNR43006
Lot Number1410
SubdivisionWestern Estates
Land UseResidential
Legal DescriptionWESTERN ESTATES L 141
Census Tract000409
Assessed Land Value$3,575
Assessed Improvement Value$141,096
Assessment Year2025

About this property

Great investment property with good rental history. Both sides have firplaces and one is 3-2-1 and 2-1-1. Side A is vacant and has a keybox. This unit is the same as 602 Elkhart.

Investor Tools

Property Icon
$218,000
Estimated Property Value
$108,375Estimated Mortgage Balance
$129,661Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,308 /month
Positive
Cash Flow Estimate:
$436 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$329/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,856
$144,671
2025
$3,575
$141,096
$144,671
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,856
$144,671

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lubbock National Bank
Commercial
$108,375
No
First
Jun 7, 2017
Jun 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$88,339
$129,661
59%
41%
$650/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$650/mo
+$1,270/mo
10.6%

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 N Elkhart Ave | Property Details | No Agent List