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$223,000

NAL Estimated Property Value

6102 38th St, Lubbock, TX, 79407

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,696 Sq Ft
DuplexDuplex
price_per_sqft$58.67 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Lot Size7,486 sqft

Building Information

Year Built1980
Roof Type105
Garage Spaces288

Land Information

APNR138038
Lot Number1830
SubdivisionPark Lorraine
Land UseResidential
Legal DescriptionPARK LORRAINE L 183
Census Tract001715
Assessed Land Value$8,983
Assessed Improvement Value$116,475
Assessment Year2025

About this property

Wonderful Duplex with many updates and features! recently new tile flooring in kitchen and bathroom,new washer and dryer closet in one unit, one unit with 1 car garage and garage door opener, backyards, some recently new water heaters and HVAC, and more!

Investor Tools

Property Icon
$223,000
Estimated Property Value
$110,963Estimated Mortgage Balance
$112,037Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,338 /month
Positive
Cash Flow Estimate:
$446 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$334/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,889
$125,458
2025
$8,983
$116,475
$125,458
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,889
$125,458

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lone Star State Bank Of West Texas
Commercial
$121,975
No
First
Aug 2, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$110,963
$112,037
50%
50%
$732/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
$732/mo
+$940/mo
9.0%

City: Lubbock

6102 38th St | Property Details | No Agent List