$175,000
6107 37th St, Lubbock, TX, 79407
On Market
Property Lead Type:
Must-SellDeal ListAbsentee OwnerHigh EquityCash Buyers
Highlights
Interior
AppliancesElectric Range, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked
FlooringCarpet, Luxury Vinyl, Tile
Exterior
Exterior FeaturesLighting
Lot Size6,600 sqft
Building Information
Year Built1980
Roof Type105
Land Information
APNR137658
Lot Number1690
SubdivisionPark Lorraine
Land UseResidential
Legal DescriptionPARK LORRAINE L 169
Census Tract001715
Assessed Land Value$7,800
Assessed Improvement Value$119,096
Assessment Year2025
About this property
Excellent investment opportunity! This well-maintained duplex at 6107 37th St offers immediate income potential with both units currently leased. Each side provides a functional layout with comfortable living spaces, making this a great addition to an investor's portfolio. With tenants already in place, you can start generating rental income from day one. Conveniently located near shopping, dining, schools, and major roadways. Don't miss this opportunity to own an income-producing property in Lubbock!
Investor Tools
$0Estimated Mortgage Balance
$257,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$351/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,925
$126,896
2025
$7,800
$119,096
$126,896
No
Tax History
Year
Tax Paid
Assessed Value
2024
$2,925
$126,896
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$234,000
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,672/mo
N/A
+$1,672/mo
7.8%
