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$203,000

NAL Estimated Property Value

606 N Teak Ave, Lubbock, TX, 79403

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,694 Sq Ft
price_per_sqft$115.11 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range, Microwave, Water Softener, Water Softener Owned
FlooringCarpet, Tile

Exterior

Lot Size5,500 sqft

Building Information

Year Built2010
Roof Type105
Garage Spaces2

Land Information

APNR310063
Lot Number250
SubdivisionKings Dominion
Land UseResidential
Legal DescriptionKINGS DOMINION L 25
Census Tract000902
Assessed Land Value$30,000
Assessed Improvement Value$142,428
Assessment Year2025

About this property

Enter into this cozy and inviting 3-bedroom, 2-bath open floor plan. This home is conveniently located, 2-minutes from Marsha Sharp Fwy, 5-minutes from Downtown Lubbock and Jones Stadium. Home was recently painted with soft neutral color palettes and white trim; fireplace has a popular whitewash color. Kitchen cabinets were painted a darker grey color that goes well with the recently installed granite countertops. Subway tile on the backsplash and undermount lighting underneath the kitchen cabinets. This House has a great floor plan with isolated master, standalone shower, large tub and two separate closets. All bedrooms are large enough to accommodate full size furniture. Fence was recently stained, and the sizable back yard includes a beautiful extended concrete patio with stained Pergola. The Sprinkler system was recently upgraded, water heater installed in April 2022, new stove and microwave. It is hard to find a jewel like this one. Don't let this one pass you by!!

Investor Tools

Property Icon
$203,000
Estimated Property Value
$185,365Estimated Mortgage Balance
$17,635Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,218 /month
Positive
Cash Flow Estimate:
$406 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$273/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,257
$172,428
2025
$30,000
$142,428
$172,428
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,257
$172,428

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$200,000
No
First
Jun 27, 2022
Jul 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,365
$17,635
8%
91%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
$1,200/mo
+$225/mo
8.4%

City: Lubbock

606 N Teak Ave | Property Details | No Agent List