$223,000
NAL Estimated Property Value6104 38th St, Lubbock, TX, 79407
Off Market
Property Lead Type:
Off-Market ListDeal ListAbsentee OwnerHigh Equity
Highlights
Interior
AppliancesDishwasher
Exterior
Lot Size10,615 sqft
Building Information
Year Built1980
Roof Type105
Garage Spaces288
Land Information
APNR138013
Lot Number1820
SubdivisionPark Lorraine
Land UseResidential
Legal DescriptionPARK LORRAINE L 182
Census Tract001715
Assessed Land Value$12,738
Assessed Improvement Value$116,475
Assessment Year2025
About this property
Wonderful Duplex with many updates and features! Recently added two stone veneer corner fireplaces with exterior stone veneer and chimney stone veneer, recently new tile flooring in kitchen and bathroom and in one unit new vinyl plank wood flooring in living room and kitchen, new washer and dryer closet in one unit, one unit with 1 car garage, backyards, and extra in between large fenced yard with large tree and grass, some recently new water heaters and HVAC, and more!
Investor Tools
$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
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$340/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,966
$129,213
2025
$12,738
$116,475
$129,213
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,966
$129,213
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%
