$167,500
6118 35th Street, Lubbock, TX, 79407
Pending
Property Lead Type:
Must-SellAbsentee OwnerHigh EquityCash Buyers
Highlights
Interior
AppliancesDishwasher, Free-Standing Electric Range
FlooringCarpet
Exterior
Exterior FeaturesNone
Lot Size7,150 sqft
Building Information
Year Built1975
Roof Type105
Garage Spaces2
Land Information
APNR133131
Lot Number50
SubdivisionPark Lorraine
Land UseResidential
Legal DescriptionPARK LORRAINE L 5
Census Tract001715
Assessed Land Value$8,450
Assessed Improvement Value$164,476
Assessment Year2025
About this property
This charming home has been very well taken care of and is located in a convenient location near shopping, easy access to Marsha Sharp Freeway, medical and Texas Tech, all while being in Frenship School District as well making for a great multi-use property. The home features 3 bedrooms, 2 full bathrooms and a 2 car garage on a corner lot. The kitchen is still open to the living room while allowing for separation at the same time.
Investor Tools
$0Estimated Mortgage Balance
$172,926Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,038 /month
Positive
Cash Flow Estimate:
$346 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$116/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$525
$172,926
2025
$8,450
$164,476
$172,926
No
Tax History
Year
Tax Paid
Assessed Value
2024
$525
$172,926
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$172,926
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,425/mo
N/A
+$1,425/mo
9.9%
