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$199,000

NAL Estimated Property Value

612 Ironton Ave, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,452 Sq Ft
price_per_sqft$89.19 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Microwave

Exterior

Lot Size7,020 sqft

Building Information

Year Built1983
Garage Spaces2

Land Information

APNR39473
Lot Number2150
SubdivisionRevier Farm
Land UseResidential
Legal DescriptionREVIER FARM L 215
Census Tract000407
Assessed Land Value$19,500
Assessed Improvement Value$171,250
Assessment Year2025

About this property

Cute! Recently updated 3 bedroom home in Revier Farm. New flooring throughout, new kitchen counter tops and back splash, and updated finish on kitchen cabinets. Oversized master bedroom, large closets throughout home. Outdoor storage building and separate dog run area. Newer hot water heater, HVAC system replaced in 2013 with 5yr warranty and is currently on a biannual maintenance plan until the end of this year. New 30 yr roof in 2014.

Investor Tools

Property Icon
$199,000
Estimated Property Value
$100,074Estimated Mortgage Balance
$98,926Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,551
$190,750
2025
$19,500
$171,250
$190,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,551
$190,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Fha
$110,428
Yes
First
Jun 7, 2021
Nov 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$100,074
$98,926
49%
50%
$663/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$663/mo
+$977/mo
9.9%

City: Lubbock

612 Ironton Ave | Property Details | No Agent List